Explain:?
(i) The purpose of a share premium account?
(ii) Whether Fin can reclaim his premium payment from Irk plc?
Distributable profits may be defined as ___________ profits less ___________?losses.?
A private company does not need to apply to the court to reduce its share capital if it supports its?___________ with a? ___________?.?
?Where application is made to the court for confirmation of a reduction in capital, the court may require?that creditors should be invited by advertisement to state their objections. In which of the following ways?can the need to advertise be avoided??
?Select all that apply.?