In March 2014, Vincent bought 10,000 ordinary shares in Apezium plc for 44,000. In June 2020, the
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In March 2014, Vincent bought 10,000 ordinary shares in Apezium plc for £44,000. In June 2020, the company went into liquidation and Vincent received a first distribution of £0.50 per share. The market value of an ordinary share in Apezium plc just after this distribution was £0.75. Compute the allowable loss arising in June 2020.
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The value of the part disposed of is 5000 10000 050 and the ...View the full answer
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