CIMA Exam CIMAPRA17-BA4-1 Topic 1 Question 28 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam

Question #: 28
Topic #: 1

Which of the following statements regarding companies limited by shares and general partnerships is correct?

AUnlike a general partnership, a private company limited by shares may create a floating charge as security for a loan

BPrivate companies limited by shares and general partnerships are required to disclose financial information regarding the operation of the business to the general public

CIn the event of insolvency both a private company limited by shares and a general partnership may be placed in insolvent liquidation

DBoth a private company limited by shares and a general partnership are established by registration

Show Suggested Answer

Suggested Answer: A

by Caprice at May 08, 2022, 01:06 PM

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