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These are questions from MCQ bank in ACCA F7 practice and revision kit.
Q122 involves companies Hillusion and Skeptik.
Q124 involves companies Wiley and Coyote.
I really appreciate your help!
Does that mean I should ignore all chapters after chapter 6 as they are March 2017 exams only?
Thank you very much for the help!
However, I have got few follow up questions.
1. If an employee is suing due to unfair redundancy rising from discrimination, is he/she making a claim for unfair dismissal or discrimination?
2. If an employee is unsure whether he/she can win unfair dismissal claim, do you think it is reasonable to claim for both unfair and wrongful dismissal (if it is more likely to win wrongful dismissal claim)?
1. So it will ultimately be just ordinary resolution with special notice (28 days) that require any further notices if it is in AGM?
2. I am slightly confused about when they have to retire. I have read that all directors must retire at the end of the financial year but you have also mentioned in the online lecture about 1/3 rule. Which one do they follow?
Thank you
I am sorry about the overloading amount of questions.
I was just faced with curiosities while doing the questions.
I will try to ask 2 per post.
1. What is debenture trust deed?
2. Why is buying back fully paid share capital with cash not a valid method to reduce its share capital?
Again, sorry about the overwhelming amount of questions.
Thank you so much!
2) The term was ‘novating the contract’ not company. Sorry about the confusion.
3) Then how are subscribers different from members of the company? If they are both the person who desire to have their company created?
Thank you very much for the clarification.
Yet I am still quite unsure about 3.If opening inventory is higher than the closing inventory, wouldn’t it increase the cost of sales?
Also by ‘recognised in financial statements’ for dividend, does it mean that it will be shown in statement of change in capitals?