When shares are fully paid they can be converted into?

Assessment: WAEC SSCE - Commerce - 2002 (Objective) Subject: Commerce

Question 1 Report

When shares are fully paid they can be converted into?
Answer Details
When shares are fully paid, they can be converted into stocks. A stock represents ownership in a company and indicates that the shareholder has a claim on a portion of the company's assets and earnings. Unlike bonds or debentures, which represent debt that must be repaid to the investor, stocks represent an equity investment in the company. Treasury bills, on the other hand, are short-term government debt securities that are not related to shares in a company.
Read lesson note on Purchase And Sale Of Goods (JAMB)
Read lesson note on Stock Exchange (JAMB)
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