The parties who are paid last in the event of winding-up ...
The parties who are paid last in the event of winding-up are
Preference shareholders
Debenture holders
Ordinary shareholders
Trade creditors
Correct answer is C
Ordinary Shareholders represent people who have a fraction of ownership in a corporation that issues such shares. They get to vote on the company's major decisions, usually decided at its shareholder meetings. The shareholder may or may not receive a dividend. They are usually the last to get paid in the event that the company is folding up.
Which of the following best described the path of a transaction? ...
Prepayment is treated in the balance sheet of firm as a ...
Which of the following statements is not true? ...
Social Club Subscription (Extract) 31/12/2009 Subscription accrued #18,900 Subscription received...
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Show how the following transaction will be recorded applying the double-entry principle: Rent ₦50...