JAMB - Accounts Principles Of Accounts (2024 - No. 21)
Issue of prospectus is an invitation to the Public to
register a company
liquidate a company
redeem all outstanding shares
subscribe for share
Explanation
A prospectus is a formal legal document that provides detailed information about a company's financial condition, its plans for the future, and the risks involved in investing.
The primary purpose of issuing a prospectus is to attract potential investors to buy (subscribe for) shares of the company's stock.
The primary purpose of issuing a prospectus is to attract potential investors to buy (subscribe for) shares of the company's stock.
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