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MikeLittle.
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reem1589
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could you please explain why the answer is A.
There are a number of ways in which investors can take an interest in a company and such different interests have different rights attached to them.
Which of the following NORMALLY participate in surplus capital?A. ordinary shares
B. preference shares
C. debentures secured by a fixed charge
D. debentures secured by a floating charge
MikeLittle
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Because preference shares normally carry the right only to the repayment of capital and both types of debenture are creditors of the company and not shareholders
OK?
reem1589
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