快速查题-ACCA英国注册会计师试题

Cannot be an informal mortgage 

 Can be a legal mortgage 

Can only attach to land, shares or book debts 

 Cannot attach to land 

True

False

True 

 False 

Sale of the assets subject to the charge

Resignation of the finance director

The chargee appointing a receiver

Debenture stock

A single debenture

Register of debenture holders

Series debentures

 All companies registered under the Companies Act 2006 have an implied power to borrow 

 The members of public companies registered under the Companies Act 2006 must authorise the company to borrow 

The Companies Act 2006 sets a maximum limit on the amount each type of company may borrow 

 All debentures rank equally 

 Older debentures rank above newer debentures 

 Higher value debentures rank above lower value debentures 

 Dividend payments on shares is tax-deductible, interest payments on debentures is not tax-deductible 

 Interest payments on debentures is mandatory, dividend payments on shares is discretionary 

 In the event of liquidation, shareholders are paid their investment back before the debentureholders

 A floating charge with a value of £5,000 registered on 1 January 20X1 

 A fixed charge with a value of £2,000 registered on 1 February 20X1 

 A floating charge with a value of £7,000 registered on 1 March 20X1 

 Resignation of the finance director 

 The chargee appointing a receiver 

 Sale of the assets subject to the charge