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After payment of all claims apart from payments to capital contributors, the liquidator prepared the following statement of shareholders' equity for Train Ltd:
There is $125 000 cash remaining for distribution and all shares are fully paid.What is the dividend per preference share if preference shareholders rank equally with ordinary shareholders? (Note: Round amounts to nearest cent.)
Air Conditioning System
A mechanism designed for controlling the temperature, humidity, and overall air quality in an enclosed space.
Expansion Valve
Restricts the flow of the refrigerant in an A/C circuit, which lowers its pressure as it exits the valve.
High-Pressure
Refers to a condition or system operating at a pressure significantly above atmospheric pressure, often used in hydraulic and pneumatic applications.
Low-Pressure
Refers to a condition or an area where the pressure is lower than the surrounding atmosphere or in comparison to a specified reference.
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