The following is a company's summarised Balance Sheet. What is the Balance Sheet value of each ordinary
Question:
The following is a company's summarised Balance Sheet.
What is the Balance Sheet value of each ordinary share?
A. $0.75
B. $1.50
C. $0.83
D. $1.67
Transcribed Image Text:
Share capital and reserves 1 200 000 ordinary shares of $0.50 100 000 7% preference shares of $1 Share premium General Reserve Retained profit $000 600 100 200 80 20 1000
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