Which one of the following statements is incorrect?

Question

Answer

In
winding up, ordinary shareholders rank last in any distribution of assets or surpluses

Answer

some types of ordinary shares have debt like characteristics

Answer

Preference shareholders have preferential treatment over ordinary shareholders in relation to receipt of dividends and ranking in asset distribution in winding up

Answer

Shareholders of ordinary shares have voting rights but are not assured of dividends

Crowdly

Which one of the following statements is incorrect?

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