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WAEC Financial Accounting 2001 Question 43

Question 43

Company Accounts

Issue of prospectus is an invitation to members of the public to

  1. A.subscribe for shares
  2. B.register a company
  3. C.redeem shares
  4. D.liquidate a company.
Show the answer and explanation

Answer: A (subscribe for shares)

Explanation

A prospectus invites the public to buy (subscribe for) the company's shares.