JAMB Commerce 2019 Objective — Question 13

Question 13 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2019 Objective paper, with the correct answer and a full explanation.

On liquidation of a public limited company, the residual owners are the

A. creditors
B. debenture shareholders
C. preference shareholders
D. ordinary share holdersCorrect

Explanation

If a public limited company liquidates, the ordinary shareholders are the last set of people to be settled, from whatever balance remains.

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