Finance Flashcards
1
Q
How are net CURRENT assets calculated?
A
Net current assets are calculated by subtracting current liabilities from current assets,
2
Q
How are net assets calculated
A
Net assets are calculated by subtracting both current and long-term liabilities from fixed and current assets.
3
Q
What are articles of association enforceable in respect of?
A
Members rights
4
Q
Can shareholders terminate directors service/employment contract?
A
NO - they can only remove them from office but cannot terminate employment contract (without notice)
