Answer to Question #226767 in Accounting for Lungi

Question

Which one of the following alternative represent the correct number of ordinary shares issued by Tshilangoma Ltd during the current financial year ended January 2020?

Answer 1

Ordinary shares, also called common shares, are stocks sold on a public exchange. Each share of stock generally gives its owner the right to one vote at a company shareholders' meeting. Unlike in the case of preferred shares, the owner of ordinary shares is not guaranteed a dividend.