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King, a shareholder, received P10 per share as a liquidation value for the 1,000,000 shares of Copper Company that he owned. King owned a 10%

King, a shareholder, received P10 per share as a liquidation value for the 1,000,000 shares of Copper Company that he owned. King owned a 10% ownership stake in Copper Company. How much was the liquidation value of the Copper Company?

a. P124 million

b. P10 million

c. P100 million

d. P50 million

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