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Which of the following statements regarding a 'no-liability' company is false? C a. The company's operations are of a risky nature. b. The shareholders are
Which of the following statements regarding a 'no-liability' company is false? C a. The company's operations are of a risky nature. b. The shareholders are not liable for the outstanding debts of the company. c. If the company becomes insolvent shareholders are still required to pay any outstanding amounts owed on their shares. d. In Australia, no-liability companies are solely mining companies. Accounting is the process of identifying, communicating and economic information for the purposes of decision making. Gym classes and excavation of building sites are examples of services. The information that would be of most interest to an organisation's production manager is: a. the company tax rate. b. annual dividends. c. continuity of orders for the factory. d. the ability to pay off debts as they fall due
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