Being able to be trusted by others to be dependable reflects the personal quality identified by the CIMA Code of Ethics as:
Answer(s): B
The IFAC Code of Ethics applies:
Which of the 'fundamental principles' of CIMA's Code of Ethics is defined as follows?"A professional accountant should act diligently and in accordance with applicable technical and professional standards"
Answer(s): C
Alan, Ben, Chris and Debbie are the only shareholders in ABCD Ltd, each holding 100 ordinary £1 shares. Alan, who is the company's sole director, has recently learned that Ben, Chris and Debbie are intending to remove him as a director by passing an ordinary resolution. In consequence Alan sold his computer to the company in return for 1,000 ordinary £1 shares. The company was in need of a computer, which was of equal value to the 1,000 ordinary £1 shares.Which of the following is correct?
Which of the following is incorrect in relation to a reduction of capital by a private company?
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