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How much was the liquidation value of the Cathy Company

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Question - Kristine, a shareholder, received P10 per share as a liquidation value for the 1,000,000 shares of Cathy Company that she owned. Kristine owned a 10% ownership stake in Cathy Company. How much was the liquidation value of the Cathy Company?

a. 10 million

b. 124 million

c. 100 million

d. 50 million

Reference no: EM133066907

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