Question : Unless otherwise stated, a prefrence share is always deemed to be:
Option 1: Cumulative, Participating and Non Convertible
Option 2: Non-Cumulative, Non-Participating and Non-Convertible
Option 3: Cumulative, Non-Participating and Non-Convertible
Option 4: Non-Cumulative, Participating and Non-Convertible
Correct Answer: Cumulative, Non-Participating and Non-Convertible
Solution : Preference shares are usually assumed to be cumulative, non-participating, and non-convertible unless specifically specified otherwise.
Hence the correct answer is option 3.
Question : Preference shares are referred to as such if the holder has the opportunity, within the terms of the issuance, to convert their prefrence shares into equity shares are called-
Question : A preference share that carry the right of sharing surplus profits is called _______.
Question : What among the following is not a preference share?
Question : Preference shares, in case the holders of these have the right to convert their preference shares into equity shares at their option according to the terms of issue, such shares are called _______.
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