Post Utme Lead City University 2021 Commerce Question 32

Practice objective / multiple choice question 32 from the 2021 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2021 Commerce Objective / Multiple Choice
Question 32 POST_UTME_LEAD_CITY_UNIVERSITY • 2021 • COMMERCE • objective

A company's articles of association may provide for the creation of a reserve fund. What is the primary purpose of this reserve fund?

Answer Options

A. To provide a source of funds for the company's working capital
B. To provide a source of funds for the company's long-term capital
Correct Answer C. To provide a source of funds for the company's reserve capital
D. To provide a source of funds for the company's contingent capital
Correct Answer
C
Correct Option:
To provide a source of funds for the company's reserve capital

About This Question

This is Post Utme Lead City University 2021 Commerce Question 32. It is one of the objective questions from the 2021 Post Utme Lead City University Commerce examination.

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