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Which of the following conditions is not required before a company may reduce its capital?...

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Question

Accounting

Which of the following conditions is not required before a company may reduce its capital?

a.

The reduction must be approved by ASIC
b.

The reduction must be approved by shareholders
c.

The reduction must be fair and reasonable to company shareholders
d.

The reduction must not materially prejudice the ability of the company to pay its creditors

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