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Issue of prospectus is an invitation to the Public to

  • 📑 Past Questions
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Accounts - Principles of Accounts JAMB 2024

Issue of prospectus is an invitation to the Public to

  • register a company
  • liquidate a company
  • redeem all outstanding shares
  • subscribe for share checkmark

The correct answer is: D

Explanation

A prospectus is a formal legal document that provides detailed information about a company's financial condition, its plans for the future, and the risks involved in investing.
The primary purpose of issuing a prospectus is to attract potential investors to buy (subscribe for) shares of the company's stock.

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