What occurs when a firm’s business is terminated Assets are sold, proceeds are used to pay creditors, and any leftovers are distributed to shareholders ?

Related Mcqs:

Find out the term for the purpose that a buyer must pay for the goods at the time of its delivery ?

A. Barter B. payment on Delivery C. Gives in take D. Cash on Delivery...

A share or an interest in an enterprise, especially a financial share, is called ?

A. Share holding B. Stake C. Partnership D. None of these...

Mention the name for economic theory that the support of business that allows them to flourish will eventually benefit middle- and lower-income people in the form of increased economic activity and reduced unemployment?

A. End benefit B. Trickle down C. Free market D. Capitalism...

Hard currency is defined as ?

A. Currency traded in foreign exchange market for which demand is persistently relative to the supply B. Currency Which is used in times of war C. Currency which loses its value very fast D. None of these...

What is called the rules of laws which governs the internal affairs of an organization ?

A. Corporate Laws B. Secondary Laws C. By laws D. Internal Laws...