Accounting for IGCSE & O level - Preparation Of Financial Statements (Section 23 - No. 34)
What is the purpose of an Annual General Meeting (AGM)?
To allow the company to sell shares to the public
To distribute dividends to shareholders.
To allow the shareholders to discuss the company's performance and make decisions.
To declare the financial results for the year
Explanation
The AGM provides a forum for shareholders to discuss the company's performance and make decisions.
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