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How much of the proceeds would be allocated to the shares

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Question - Durga Company issued 10,000 shares of its £5 par value ordinary shares having a fair value of £25 per share and 15,000 shares of its £15 par value preference shares having a fair value of £20 per share for a lump sum of £580,000. How much of the proceeds would be allocated to the ordinary shares?

Reference no: EM132839576

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