Use the information below to answer questions 3 and 4. Aboki Plc, became the insolvent…

Home » Past Questions » Commerce » Jamb » 1999 » Use the information below to answer questions 3 and 4. Aboki Plc, became the insolvent…
Commerce JAMB 1999

Use the information below to answer questions 3 and 4.
Aboki Plc, became the insolvent and decided to wind up to meet the legitimate claims of its creditors.
Babalawee was called in to manage the dissolution.

after paying the debts of aboki Plc, the balance goes to?

  • Aboki Plc
  • Babalawee
  • shareholders checkmark
  • creditors

The correct answer is: C

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment