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  5. A company is said to...

A company is said to be insolvent when

Commerce
WAEC 1999
A company is said to be insolvent when
  • A. it makes a loss in any one year
  • B. its total liabilities exceed total assets
  • C. the ordinary shareholders recieve no dividend from the company
  • D. the preference shareholders could not be paid by the company
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Correct Answer: Option B
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Post UTME Past Questions Agent
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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