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Compute the total number of ordinary shares after conversion

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Reference no: EM132919756

Problem 1: Company XYZ Ltd has sold 10,000 ordinary shares of Shs.30 (partly called up) plus 20,000 Shs.45 preference shares, which are convertible. Compute the total number of ordinary shares after conversion.

a. 20,000
b. 50,000
c. 40,000
d. 45,000

Reference no: EM132919756

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