📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    What is the key difference between internal and external

    reconstruction?
    A Internal reconstruction increases liabilities; external reduces them. Correct Answer Incorrect Answer
    B Internal reconstruction results in liquidation; external does not. Correct Answer Incorrect Answer
    C External reconstruction does not require shareholder approval. Correct Answer Incorrect Answer
    D External reconstruction forms a new company; internal does not. Correct Answer Incorrect Answer

    Solution

    The correct answer is D

    Practice Next
    More Accounts Questions
    ask-question