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Which statement is true regarding the liquidator's remuneration in the process of winding up?
  • a)
    The liquidator's remuneration is fixed and not subject to any calculations.
  • b)
    The liquidator's remuneration is solely based on the number of years they have been involved in the winding up process.
  • c)
    The liquidator's remuneration is calculated as a percentage of assets realized and payments made to unsecured creditors.
  • d)
    The liquidator is not entitled to any remuneration in a voluntary winding up scenario.
Correct answer is option 'C'. Can you explain this answer?
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Which statement is true regarding the liquidator's remuneration in the...
The liquidator's remuneration is calculated as a percentage of assets realized and payments made to unsecured creditors. It is based on the work and effort put in by the liquidator during the winding up process.
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Which statement is true regarding the liquidator's remuneration in the process of winding up?a)The liquidator's remuneration is fixed and not subject to any calculations.b)The liquidator's remuneration is solely based on the number of years they have been involved in the winding up process.c)The liquidator's remuneration is calculated as a percentage of assets realized and payments made to unsecured creditors.d)The liquidator is not entitled to any remuneration in a voluntary winding up scenario.Correct answer is option 'C'. Can you explain this answer?
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Which statement is true regarding the liquidator's remuneration in the process of winding up?a)The liquidator's remuneration is fixed and not subject to any calculations.b)The liquidator's remuneration is solely based on the number of years they have been involved in the winding up process.c)The liquidator's remuneration is calculated as a percentage of assets realized and payments made to unsecured creditors.d)The liquidator is not entitled to any remuneration in a voluntary winding up scenario.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which statement is true regarding the liquidator's remuneration in the process of winding up?a)The liquidator's remuneration is fixed and not subject to any calculations.b)The liquidator's remuneration is solely based on the number of years they have been involved in the winding up process.c)The liquidator's remuneration is calculated as a percentage of assets realized and payments made to unsecured creditors.d)The liquidator is not entitled to any remuneration in a voluntary winding up scenario.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which statement is true regarding the liquidator's remuneration in the process of winding up?a)The liquidator's remuneration is fixed and not subject to any calculations.b)The liquidator's remuneration is solely based on the number of years they have been involved in the winding up process.c)The liquidator's remuneration is calculated as a percentage of assets realized and payments made to unsecured creditors.d)The liquidator is not entitled to any remuneration in a voluntary winding up scenario.Correct answer is option 'C'. Can you explain this answer?.
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