passwella.
Menu

WAEC Commerce 1998 Question 93

Question 93

Business Finance

In the capital structure of a Public Limited Company, the term equity refers to

  1. A.preference shares
  2. B.ordinary shares
  3. C.debentures
  4. D.stocks
  5. E.bonds
Show the answer and explanation

Answer: B (ordinary shares)

Explanation

Equity means ordinary shares, whose holders own the company and share what profit is left.