CIMA Exam CIMAPRA17-BA4-1 Topic 6 Question 100 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam

Question #: 100
Topic #: 6

[All CIMAPRA17-BA4-1 Questions]

Which of the following would be paid last by a company which had been placedin insolvent liquidation?

AOutstanding loan capital and interest due to the holder of an unsecured debenture.

BShare capital invested by the shareholders.

CFees owed to the directors

DUnpaid employees' wages

Show Suggested Answer

Suggested Answer: A, D, F

by Jeniffer at Sep 17, 2024, 04:00 AM

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Florinda

3 months ago

Unpaid employees' wages? What, are they supposed to work for free while the company goes under? That's like asking a starving person to share their last crumb.

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Darrin

2 months ago

C) Fees owed to the directors

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Zita

3 months ago

B) Share capital invested by the shareholders.

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Arlyne

3 months ago

A) Outstanding loan capital and interest due to the holder of an unsecured debenture.

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Ammie

3 months ago

C) Fees owed to the directors? Hah, of course the directors would try to get their cut before the employees. Gotta love corporate greed!

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Deane

2 months ago

D) Unpaid employees' wages

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Alease

2 months ago

B) Share capital invested by the shareholders.

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Franklyn

3 months ago

A) Outstanding loan capital and interest due to the holder of an unsecured debenture.

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Lang

4 months ago

A) Outstanding loan capital and interest due to the holder of an unsecured debenture? Sounds like a fancy way of saying 'the bank gets paid first.' No surprise there.

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