The class of shareholders who are paid last in the event of wedding-up are

Assessment: WAEC SSCE - Financial Accounting - 2004 (Objective) Subject: Financial Accounting

Question 1 Report

The class of shareholders who are paid last in the event of wedding-up are
Answer Details
The class of shareholders who are paid last in the event of winding-up are ordinary shareholders. This means that after all other debts and obligations of the company have been paid, any remaining assets will be distributed to the ordinary shareholders. Preference shareholders, on the other hand, are typically paid before ordinary shareholders in the event of winding-up. Founder shares are a type of equity ownership usually granted to the company's founders, while treasury shares are shares of a company's own stock that it has repurchased and are held in its treasury. Neither of these types of shares are relevant to the question of which class of shareholders is paid last in the event of winding-up.

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