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Ranking of long term capital

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Ranking of long term capital

  • This topic has 3 replies, 3 voices, and was last updated 9 years ago by AvatarJohn Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • November 18, 2016 at 8:33 am #349741
    Avatarabdulbasit16
    Member
    • Topics: 165
    • Replies: 154
    • ☆☆☆

    Sir could u kindly let me know if this is correct for ranking long term capital in order of preference at liquidation?

    Straight debt
    Convertible debt
    Unsecured debt
    Preference shares
    Ordinary shares

    November 18, 2016 at 3:18 pm #349832
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54843
    • ☆☆☆☆☆

    Correct 🙂

    November 22, 2016 at 3:31 pm #350672
    Avatarnadia
    Member
    • Topics: 2
    • Replies: 34
    • ☆

    Secured debt will be above convertibles in the list or below?

    November 22, 2016 at 4:45 pm #350700
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54843
    • ☆☆☆☆☆

    Above – I assume that is what he was meaning by ‘straight debt’

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