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The Details Below Were Extracted from the Accounting Records of Capricorn

question 26

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The details below were extracted from the accounting records of Capricorn Ltd (a company in the process of liquidation) . 100000$1 preference shares fully paid $100,000200000$1 ordinary shares paid to 50 cents 100,000$200,000 Cash available (after payment of all creditors)  $20,000\begin{array}{ll}\text {\( 100000 \$ 1 \) preference shares fully paid }&\$ 100,000\\\text {\( 200000 \$ 1 \) ordinary shares paid to 50 cents }&100,000\\&\$200,000\\\text { Cash available (after payment of all creditors) }&\$20,000\end{array}
Assume that the constitution of Capricorn Ltd states that in the event of liquidation, all shares are to rank equally, based on the number of shares held, in distributing any surplus or deficiency.
For ordinary shareholders, the amount of the actual refund or call is:


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