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WAEC Commerce 2000 Question 32

Question 32

Business Finance

In Public Limited Liability Companies, equities are referred to as

  1. A.preference shares
  2. B.authorized capital
  3. C.ordinary shares
  4. D.called-up capital
Show the answer and explanation

Answer: C (ordinary shares)

Explanation

Equities are ordinary shares, whose holders own the company and share its profits after others are paid.