A company having free reserves of 1,20,000 wants to redeem 4,00,000 preference shares. Calculate the face value

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A company having free reserves of ₹1,20,000 wants to redeem ₹4,00,000 preference shares. Calculate the face value of fresh issue of shares of ₹10 each to be made at a premium of 10%.

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Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

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Question Posted: Aug 31, 2023 04:47 AM

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A company having free reserves of 1,20,000 wants to redeem 4,00,000 preference shares. Calculate the face value

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To calculate the face value of the fresh issue of shares we need to determine the number of shares t...View the full answer

Corporate Accounting

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