In case of a liquidation of a public limited liability co...
In case of a liquidation of a public limited liability company, those that are first paid are
ordinary shareholders
prefernce shareholders
cumulative preference shareholders
debenture holders
Correct answer is D
Debenture-holders are the subscribers to debentures. Debentures are part of loan. A shareholder or member is the joint owner of a company; but a debenture holder is only a creditor of the company. In the event of liquidation, they are paid first before any other class of lenders.
Which of the following groups is paid first when a firm liquidates? ...
One important requirement for the membership of the ECOWAS is? ...
Occupations are classified into? ...
Which of the following is most appropriate for a "Cash with order" terms of sale? ...
Which of the following is not true of a sole proprietorship? ...
An association of employees in an organization is called a ...
The documents used in the purchase and sale of goods which contain other terms of trade are? ...
A step-by-step method of carrying out functions in an office is known as? ...