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MCQ OF F4 GLOBAL

Forums › ACCA Forums › ACCA LW Corporate and Business Law Forums › MCQ OF F4 GLOBAL

  • This topic has 2 replies, 3 voices, and was last updated 10 years ago by MikeLittle.
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    Posts
  • August 11, 2015 at 6:00 am #266639
    felicityshao
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    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!

    September 2, 2015 at 1:35 pm #269573
    racucamelia
    Member
    • Topics: 34
    • Replies: 39
    • ☆☆

    Hi! After reading the complete text I would say that the correct answer is B.

    September 19, 2015 at 6:29 pm #272508
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23362
    • ☆☆☆☆☆

    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

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