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.

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