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Forums › ACCA Forums › ACCA LW Corporate and Business Law Forums › MCQ OF F4 GLOBAL
Dear Mike,
I got a questions on F4 GLO notes.
In order of repayment in a liquidation situation, rank the following in sequence starting with the first in priority down to the last. The liquidation commenced on 8 February, 2014
1 £0.50 ordinary shares issued on incorporation
2 3.75% fixed charge debentures issued on 1 January, 2010
3 4.25% cumulative redeemable preference shares issued on 10 January, 2014
4 3.9% floating charge debentures issued on 31 December, 2008
A 4, 2, 3, 1
B 2, 4, 3, 1
C 1, 4, 2, 3
D 1, 2, 4, 3
Could you please help me clarify this kind of MCQs?
Thank you very much!
Hi! After reading the complete text I would say that the correct answer is B.
I would agree but, Felicity, if it’s a question that you want me to answer, then you need to post it on the Ask the Tutor page in future