Ngoc is a retired pensioner who owns a small number of shares worth $500 in a...
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Ngoc is a retired pensioner who owns a small number of shares worth $500 in a publicly listed telecommunications company. She receives a letter advising her that the company has gone into liquidation with outstanding debts of $2.7 billion. The liquidator states in the letter that Ngoc is liable for the $2.7 billion in outstanding debts because she is a shareholder of the telecommunications company. Advise Ngoc. Ngoc is a retired pensioner who owns a small number of shares worth $500 in a publicly listed telecommunications company. She receives a letter advising her that the company has gone into liquidation with outstanding debts of $2.7 billion. The liquidator states in the letter that Ngoc is liable for the $2.7 billion in outstanding debts because she is a shareholder of the telecommunications company. Advise Ngoc.
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Ngoc should not be personally liable for the outstanding debts of the telecommunications company bey... View the full answer
Related Book For
Frank Woods Business Accounting Volume 2
ISBN: 9780273693109
10th Edition
Authors: Frank Wood, Alan Sangster
Posted Date:
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