You are presented with the following information for three quite separate and independent companies:

Additional information:

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Summarised Balance Sheets at 31 March 19X7 Total assets less current liabilities Creditors: amounts falling due after more than one year 10% debenture stock Chan plc Ling plc Wong plc 000 000 000 600 600 700 (100) 600 600 600 Capital and reserves: Called-up share capital Ordinary shares of 1 each 500 300 200 10% cumulative preference shares of 1 each 200 300 Profit and loss account 100 100 100 600 600 600