In the event of winding up of a company, who among the following is paid last?
- Preference Shareholders
-
Ordinary shareholders
- Cumulative preference shareholders
- Debenture holders
The correct answer is: B
Explanation
Ordinary shareholders have the lowest priority in the distribution of assets during the winding up of a company. They ar entitled to receive any remaining assets after all the other creditors and obligations have been satisfied. Preference shareholders, debenture holders, and trade creditors would typically have higher priority for payment than ordinary shareholders