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a) In terms of the company's Act, set out the definition of distribution as well as...

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Accounting

a) In terms of the company's Act, set out thedefinition of distribution as well as three types ofdistribution.

b) A company’s directors may not authorize any proposeddistribution unless it has complied with
which two tests?

c) Briefly discuss the meaning of ‘’financial assistance’’ in termsof company law.

d) With reference to case law, discuss the term securities in termsof company law.

Answer & Explanation Solved by verified expert
4.4 Ratings (714 Votes)
a A distribution is a companys payment of cash stock or physical product to its shareholders Distributions are allocations of capital and income throughout the calendar yearWhen a corporation earns profits it can choose to reinvest funds in the business and pay portions of profits to its shareholdersShareholders can receive distributions on a regular basis such as monthly quarterly or annually Owners distributions Owners distributions are earnings an owner withdraws from their business The    See Answer
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