A person who has applied to purchase shares in a company is referred to as?

By: |Published on: Mar 19|Categories: Accounting WAEC| 0 comments

A. A promoter
B. A subscriber
C. An allottee
D. An underwriter

Correct Answer: Option B

B. A subscriber

Explanation

Companies issue their shares for a subscription either publicly or by private placement. People who apply to subscribe (buy) the shares are subscribers.

Users Also Read These:

SEE ALSO  The financial plan of the government for a year is contained in the ______?

Copyright warnings! Do not copy.