JAMB Accounting 2023 Objective — Question 36
Question 36 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2023 Objective paper, with the correct answer and a full explanation.
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When a firm is liquidated, the last holders to be settled will be A.
- A. Ordinary shareholders
- B. preference shareholders
- C. debenture holders
- D. founder shareholdersCorrect
Explanation
Founder shareholders bear most of the risks. Thus, they are the last set of people to be settled.
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