In case of ……………..preference shares, the arrears of dividend are carried forward and paid out of the profits of the subsequent years.

Related MCQs

• Those preference shares which do not carry the right of share in excess profits are known as ------- preference shares.
• Gross assets are 1,01,000, fictitious assets 350 are included in the gross assets. External liabilities are 7,500. 6% preference share capital is 45,000. Equity capital is 4,500 equity shares of 10 each fully paid. Average expected profit is 8,500. Transfer to reserves is 10% preference dividend is payable. NRR is 9%. The Net Asset Value Per share is ___________.
• If the preference shareholder agree to sacrifice the arrear off preference dividend, it is credited to:
• Capital Redemption Reserve Account and Securities Premium Account can be only for issuing fully paid Bonus Shares and not for making partly paid shares into ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• All the …… profits are not available for the purpose of redemption of preference shares
• Dividend paid or declared are subject to corporate dividend Tax @ ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ as per recent finance Act.
• Dividend paid or declared are subject to corporate Dividend Tax @ 17% as per recent ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
• At present, a company limited by shares cannot issue …..preference shares
• No company limited by shares shall issue any preference share which is redeemable after the expiry of …….. years from the date of issue.
• Which of the following can be utilized for the redemption of preference shares of a company out of profit: