O-LevelAccountingThe fundamentals of accounting7707/12 · Oct/Nov 2018 · Q211 Mark
Which statements about ordinary shares are correct? 1 If a company is wound up ordinary shares are repaid after debentures. 2 Ordinary shares are a non-current liability of the company. 3 The holders of ordinary shares are the owners of the company.
A1 and 3
B1 only
C2 and 3
D3 only
✓ Correct answer
A: 1 and 3
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