The Details Below Were Extracted from the Accounting Records of Great

question 33

Multiple Choice

The details below were extracted from the accounting records of Great South East Ltd (a company in the process of liquidation) .

Assume that the constitution of Great South East 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 preference shareholders, what is the amount of the actual refund or call?

• A) A refund of $17 500.
• B) A call of $17 500.
• C) A refund of $10 000.
• D) A call of $22 500.

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Definitions:

Job Satisfaction

The level of contentment employees feel towards their jobs, involving aspects like work environment, duties, and compensation.

Performance

The act of carrying out or accomplishing an action, task, or function.

Ethical Behavior

Acting in ways consistent with what society and individuals typically think are good values, involving honesty, fairness, and equity in interpersonal, professional, and academic settings.

Personal Values

Deeply held beliefs or standards that individuals use to judge the worthiness of actions or events, shaping their behavior and choices in personal and professional life.