Multiple Choice
After paying off all creditors in a liquidation there is $21 655 available for shareholders.Preference share capital is $20 000 and ordinary share capital is $20 625.The amount of the deficiency to be borne by ordinary shareholders is:
A) $18 970;
B) $20 625;
C) $20 000;
D) $21 655.
Correct Answer:
Verified
Correct Answer:
Verified
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