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Questions and Answers
Which countries commonly use the term 'liquidation' to refer to the process of bringing a company to an end?
Which countries commonly use the term 'liquidation' to refer to the process of bringing a company to an end?
- Canada, United Kingdom, United States, Ireland, Australia, New Zealand
- Canada, United Kingdom, United States, Ireland, Australia (correct)
- Canada, United Kingdom, United States
- Canada, United Kingdom, United States, Ireland
What are the assets and property of a company redistributed during liquidation?
What are the assets and property of a company redistributed during liquidation?
- They are given to the shareholders
- They are sold to pay off debts (correct)
- They are returned to the original owners
- They are transferred to another company
What is another term commonly used to refer to liquidation?
What is another term commonly used to refer to liquidation?
- Winding-up (correct)
- Final computation
- Dissolution
- Ascertainment
When does the process of liquidation arise for customs?
When does the process of liquidation arise for customs?
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