WAEC Accounting 2024 Objective — Question 13
Question 13 of 50 from the West African Examinations Council (WAEC) Accounting 2024 Objective paper, with the correct answer and a full explanation.
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The class of shares which are available only to the promoters of a company are
- A. ordinary shares
- B. cumulative preference shares
- C. non-cumulative preference shares
- D. deferred sharesCorrect
Explanation
Deferred shares are reserved for the founders/promoters of a company.
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