Question

uses of profit/loss prior incorporation​

Answer 1

Answer:

The profits made by a company before incorporation cannot be distributed as dividends to the shareholder of the incorporated company because it is treated as capital profit. It can be used for writing down capital losses or goodwill.

Answer 2

Answer:

The profits made by a company before incorporation cannot be distributed as dividends to the shareholder of the incorporated company because it is treated as capital profit. It can be used for writing down capital losses or goodwill.

Explanation:

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