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Issue of shares and debentures - Jamb Accounts - Principles of Accounts Past Questions and Answers

Jamb Accounts - Principles of Accounts Past Questions

Jamb Past Questions and Answers on Issue of shares and debentures

Question 46:

JAMB 2018

The main difference between the ordinary and preference shareholders is that?

A. The former have voting rights while the latter do not
B. In the case of winding up, the former are paid first before the latter
C. The latter are not members of the company while the former are
D. The former receives dividends while the latter do not

View Answer & Explanation

Question 47:

JAMB 2019

Shares that are offered to existing shareholders at a price is called

A. Par
B. Premium
C. Right issue
D. Bonus issue

View Answer & Explanation

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