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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?

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Suggested Answer: A, D, F

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

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Florinda
24 days 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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Ammie
26 days 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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Franklyn
13 days ago
A) Outstanding loan capital and interest due to the holder of an unsecured debenture.
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Lang
1 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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Louann
9 days ago
B) Unpaid employees' wages.
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Berry
26 days ago
A) Share capital invested by the shareholders.
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Youlanda
1 months ago
B) Share capital invested by the shareholders? That's just crazy, they should be the last ones to get paid! What were the exam writers thinking?
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Tamesha
2 days ago
C) Fees owed to the directors
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Jina
26 days ago
D) Unpaid employees' wages
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Mozell
29 days ago
A) Outstanding loan capital and interest due to the holder of an unsecured debenture.
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Darnell
1 months ago
D) Unpaid employees' wages definitely seems like the correct answer. I can't imagine a company not paying its workers first before anything else.
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Cristy
2 months 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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Charlesetta
2 months ago
I agree with Christa, employees should be paid first before other creditors.
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Christa
2 months ago
I think unpaid employees' wages would be paid last.
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