Economics WAEC

In the event of bankruptcy owners of joint-stock companies lose?

A. their private properties
B. both company and private properties
C. only the capital invested
D. only their dividends

Correct Answer: Option C

C. only the capital invested

Explanation

Joint-stock company is a company whose stock is owned jointly by the shareholders.

In the event that a joint-stock company declares bankruptcy, the company’s shareholders may be entitled to a portion of the liquidated assets, depending on which shares they hold and how much liquid assets are leftover.

Sunday

Share
Published by
Sunday
Tags: economics

Recent Posts

FST 111 Theory Question: Food Security Determinants and Preservation Methods

100 Level Department of Food Technology exam questions and detailed answers. Download the answers in document…

2 days ago

FST 111 Theory Question: Population Growth, Agriculture, and Food Security Analysis

100 Level Department of Food Technology exam questions and detailed answers. Download the answers in document…

2 days ago

EED 413 Theory Question: Population Growth, Agriculture and Food Security Analysis

100 Level Department of Food Technology exam questions and detailed answers. Download the answers in document…

3 days ago

FST 111 Theory Question: Agricultural Concepts and Animal Management Guide

100 Level Department of Food Technology exam questions and detailed answers. Download the answers in document…

3 days ago

EED 413 Theory Question: Comprehensive Guide to Business Plan Scope and Succession Planning

400 Level Department of Entrepreneurship Development Centre exam questions and detailed answers. Download the answers in…

3 days ago

EED 413 Theory Question: Business Plan Scope and Succession Planning Guide

400 Level Department of Entrepreneurship Development Centre exam questions and detailed answers. Download the answers in…

3 days ago