CIMA BA4 Question Answer
Which of the following are cases where the veil should be lifted? Select ALL that apply.
The pink company - Failed to disclose the full company name on official documents.
The orange company - Continues to trade even though it knows it is in irrevocable debt
The white company - An investigative journalist reveals that the company has been deliberately avoiding tax.
The red company - Continues to trade despite being having small debts.
The black company - Trades with a company based in a country experiencing civil war.
TESTED 08 Jan 2026
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