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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5 days ago

But what about outstanding loan capital and interest due to the holder of an unsecured debenture? Shouldn't that be paid first?

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11 days ago

I agree with Christa, employees should be paid first before other creditors.

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11 days ago

I think unpaid employees' wages would be paid last.

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