Issue Of Shares And Debentures - Accountsprinciplesofaccounts Jamb Past Questions and Answers

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

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