WAEC - Accounts Principles Of Accounts (2018 - No. 36)

The parties who are paid last in the event of winding-up are
preference shareholders
debenture holders
ordinary shareholders
trade creditors

Explanation

Ordinary Shareholders represent people who have a fraction of ownership in a corporation that issues such shares. They get to vote on the company's major decisions, usually decided at its shareholder meetings. The shareholder may or may not receive a dividend. They are usually the last to get paid in the event that the company is folding up.

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