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CIMAPRA17-BA4-1 Exam - Topic 1 Question 28 Discussion

Which of the following statements regarding companies limited by shares and general partnerships is correct?
A) Unlike a general partnership, a private company limited by shares may create a floating charge as security for a loan
B) Private companies limited by shares and general partnerships are required to disclose financial information regarding the operation of the business to the general public
C) In the event of insolvency both a private company limited by shares and a general partnership may be placed in insolvent liquidation
D) Both a private company limited by shares and a general partnership are established by registration

CIMAPRA17-BA4-1 Exam - Topic 1 Question 28 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam
Question #: 28
Topic #: 1
[All CIMAPRA17-BA4-1 Questions]

Which of the following statements regarding companies limited by shares and general partnerships is correct?

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Suggested Answer: A

by Caprice at May 08, 2022, 01:06 PM

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Rodolfo
8 months ago
A and C are definitely the right ones!
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Galen
9 months ago
Wait, D seems off. Aren't partnerships just formed by agreement, not registration?
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Cordie
9 months ago
C is true, both can go into liquidation if they can't pay debts.
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Angella
9 months ago
I disagree with B. General partnerships don’t have to disclose like that.
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Tabetha
9 months ago
A is correct! Private companies can create floating charges.
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Alecia
9 months ago
This one seems pretty straightforward. The key requirements are small form factor, basic switching features, and fast boot time, so I'm thinking the IE 2000 Series is the best fit.
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Rochell
9 months ago
This looks like a straightforward Android app question. I'll carefully review the code and options to determine the correct answer.
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Rima
10 months ago
I'm a little confused by this question. Modifying the Diagnostics settings doesn't seem like it would be the full solution. I'll need to review the scenario and requirements more carefully to make sure I understand what's needed.
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