[Solved] The Securities Premium amount may be utilized by a company for __________.

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Q.	The Securities Premium amount may be utilized by a company for __________.
A.	writing off any loss on sale of fixed asset
B.	writing off any loss of revenue nature
C.	writing off the expenses/discount on the issue of debentures
D.	none of these
Answer» C. writing off the expenses/discount on the issue of debentures

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Financial Accounting 2

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