COMMERCE

JAMB 2020 - Question 3

Commerce 2020 JAMB Past Questions - Question 3: Aboki Plc became insolvent and decided to wind up to meet the legitimate claims of its creditors. Babalawee was called in to manage the dissolution. After paying the debts of Aboki Plc, the balance goes to

Use the information below to answer questions 3 and 4
Aboki Plc became insolvent and decided to wind up to meet the legitimate claims of its creditors. Babalawee was called in to manage the dissolution.
After paying the debts of Aboki Plc, the balance goes to
A:
B:
C:
D:
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Correct Answer

C

Explanation