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.
The salary of a partner is usually debited to the? ...
When a transaction causes an assets account to increase, there is ...
The trading account is usually headed ...
Which of the following statements is no correct? ...
A typical example of a real account is? ...
The person who has applied for shares in a company is called ...
A non-profit-making organization differs from a profit-making one in that? ...
The double entries for refund of unsuccessful application monies are, debit ...