Question

capital redemption reserved
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Answer 1

Answer:

A statutory, non-distributable reserve into which amounts are transferred following the redemption or purchase of a company's own shares. Subject to the company's articles, the capital redemption reserve may be: ... Used to pay up new shares to be allotted to members as fully paid bonus shares.

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Answer 2

Answer:

Capital redemption reserve

Explanation:

• Capital redemption reserve account is a type of reserve maintained by a company limited by shares and as the name suggests this reserve deals with shares which are redeemable.
• The shares which are purported to be redeemed are paid out of the profits of a company.

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