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Nov 2010 p3 questn 6

6 A plc company redeemed 50 000 ordinary shares of $5 each at par. The redemption was in part financed by a new issue of 80 000 preference shares of $1 each, issued at a premium of $1 per share. By what amount will distributable reserves be reduced? A $90 000 B $160 000 C $170 000 D $250 000 Help
- nitish0708
- Thread
- Nov 16, 2011
- Replies: 1
- Forum: A-Levels

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