Question

Assertion (A): The Preference Shares are considered with no fixed liability.Reasoning (R): The Dividend to Preference Shares is paid only when the company earns profit. Choose Your Answer from the above two statements:a) Both the statements (A) and (R) are correct and (R) is the correct explanation of (A).b) Both the statements (A) and (R) are correct but (R) is not the correct explanation of (A).c) Statements (A) is correct but statement (R) is incorrect.d) Both statements (A) and (R) are incorrect.

Answer 1

Answer:

b) asseration and reason both are correct but reason to is not correct explanation of asseration...

Explanation:

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