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What is the purpose of the Development Reserve in an electricity company?
  • a)
    To finance new capital projects.
  • b)
    To cover unexpected maintenance expenses.
  • c)
    To accumulate profits for distribution to shareholders.
  • d)
    To provide compensation to employees.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What is the purpose of the Development Reserve in an electricity compa...
The Development Reserve is established to finance new capital projects, ensuring that the company can expand and improve its operations.
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What is the purpose of the Development Reserve in an electricity company?a)To finance new capital projects.b)To cover unexpected maintenance expenses.c)To accumulate profits for distribution to shareholders.d)To provide compensation to employees.Correct answer is option 'A'. Can you explain this answer?
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