Q1629
A company issued 50,000 Equity shares of Rs. 10 each, Rs. 8 paid up and 50,000 8% Preference shares of Rs. 100 each. Expected profits are Rs. 10,00,000 Normal rate of dividend on Equity shares is 16%, Provision for taxation 60% and 10% of the profit is transferred to reserves. The value of equity share will be:
A.
40
AnswerB.
50
C.
45
D.
None of the above
Answer: Option A
Solution
Answer: Option A
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