Holder of ordinary shares do not have the right to

Assessment: WAEC SSCE - Financial Accounting - 2007 (Objective) Subject: Financial Accounting

Question 1 Report

Holder of ordinary shares do not have the right to
Answer Details
Holder of ordinary shares do not have the right to receive dividends at a predetermined rate. Ordinary shares, also known as common shares, represent ownership in a company and generally carry voting rights and the right to receive dividends when declared by the company's board of directors. However, the rate of dividends is not predetermined and can vary based on the company's financial performance and other factors. Ordinary shareholders also have the right to participate in additional issues of shares, vote at annual general meetings, and elect the board of directors.

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning