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
Correct Answer: A. articles of association
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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