In the event of winding up of a company, who among the following is paid last?
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Correct Answer: Option B
Explanation:
Ordinary shareholders are normally paid last during the winding up of a company. Creditors and shareholders with preferential rights are paid before any remaining assets are distributed to ordinary shareholders.
Ordinary shareholders are normally paid last during the winding up of a company. Creditors and shareholders with preferential rights are paid before any remaining assets are distributed to ordinary shareholders.