A debenture is mortgaged when it is?
not secured on the the assets of a company
Secured on the assets of a company
irredeemable
redeemable
Correct answer is C
No explanation has been provided for this answer.
Which of the following is true about cumulative preference shares?
Unpaid dividends are carried forward
Shareholders can secure capital refund on demand
Shareholders are entitled to further share of profit
Dividends are paid into a special account
Correct answer is A
No explanation has been provided for this answer.
The total value of fixed and current assets is?
working capital
capital employed
fixed capital
capital owned
Correct answer is B
No explanation has been provided for this answer.
The coming together of two or more firms at different stages of production is?
horizontal merger
vertical merger
amalgamation
cartel
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a source of finance to a sole proprietor?
Trade Credit
Overdrafts
Debentures
Leasing of equipment
Correct answer is D
No explanation has been provided for this answer.