WAEC - Economics (2018 - No. 20)
in the event of bankruptcy owners of joint-stock companies lose?
their private properties
both company and private properties
only the capital invested
only their dividends
Spiegazione
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 left over. baUponnkruptc, a fiyrm will be required to sell all of its assets and pay off all debts.