Statement (I): Issue of shares is the most common method

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Statement (I): Issue of shares is the most common method especially to raise long-term funds.

Statement (II): The equity shareholders are residual owners who have restricted claim on income as dividend.




ANSWER= [B] Both Statement (I) and Statement (II) are individually true but Statement (II) is NOT the correct explanation of Statement (I)

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It is my pleasure to welcome you to civilexperiences.com, a website created and managed by Dudhat Aakash. In addition to having a Bachelor's degree in Civil Engineering

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