For which one or more of the following reasons does company law attempt to protect the balance in the Share premium account by specifying the reasons for which alone it may be applied?
(a) It is part of the capital actually contributed by the shareholders
(b) It should be protected from erosion as part of the creditors’ buffer
(c) It is not realised in cash
(d) It is immoral to allow a company to make profit by trading in its own shares

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wa & b x b & c ya & c z c&d