Company Financial Statements Flashcards
1
Q
Public Company
A
Plc - shares available to the general public
2
Q
Private Company
A
Ltd - shares not available to the general public
3
Q
Preference shares
A
Redeemable: repayable by the company. Treat like debt
Irredeemable: not repayable by the company: treat like equity
4
Q
Share capital values
A
Nominal value is £1
Issue price is at least the nominal value
5
Q
Provision
A
A liability to a third party where either the amount or the timing of the payment is not yet certain.
