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Question F-3 Fill in the blanks. A corporation issues two classes of equity shares, preferred shares and common shares. The p

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fill the blanks . Acorporation issue two class of equity share ,preferred share and common shares.The preferred shares have priority on dividends and distribution on liquidation over the common shares. Therefore, these two classes of shares are not---------,-------------
answer:
a. not deductible as an expense for the purpose of corporation tax/not tax deductible on payment of dividends.
b.are not lower cost in compare to other sources of finance of organization i.e., deventure
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