in the event of bankruptcy owners of joint-stoc... - WAEC Economics 2018 Question
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 option: c
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.
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