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WAEC Commerce 1991 (August) Question 66

Question 66

Business Units

Details of a new share for which the public is being invited to subscribe are contained in the

  1. A.Memorandum of Association
  2. B.Certificate of Trading
  3. C.Certificate of Incorporation
  4. D.Prospectus
  5. E.Balance sheet
Show the answer and explanation

Answer: D (Prospectus)

Explanation

A prospectus invites the public to buy shares and gives details of the issue.