The following are extracts from a company's Balance Sheet. It has been decided to revalue the freehold

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The following are extracts from a company's Balance Sheet.

It has been decided to revalue the freehold premises to $500 000.

What will be the Balance Sheet value of the ordinary shares after the revaluation?

A. $1.44

B. $1.64

C. $1.76

D. $1.96

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Accounting A Level And AS Level

ISBN: 9780521539937

1st Edition

Authors: Harold Randall

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Question Posted: Aug 28, 2023 01:51 PM

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The following are extracts from a company's Balance Sheet. It has been decided to revalue the freehold

Question:

Fixed asset: Freehold premises at cost $400 000 Provision for depreciation of freehold premises $160 000 Share capital and reserves Ordinary shares of $1 8% preference shares of $1 Share premium Retained profit $ 500 000 100 000 80 000 40 000 720 000

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Accounting A Level And AS Level

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