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The various rights attached to different classes of shares are stated in the

Commerce
WAEC 2013

The various rights attached to different classes of shares are stated in the

  • A. articles of association
  • B. memorandum of association
  • C. balance sheet
  • D. prospectus
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Correct Answer: Option A
Explanation

The Articles of Association (AoA) is a document that defines the purpose of a company and specifies the regulations for its operations. It states the internal affairs of the company like share of profit. capital contributed, rights of different classes of shares.


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