The Details Below Were Extracted from the Accounting Records of Great

question 20

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.
What will be the deficiency or surplus apportioned to preference shareholders?

• A) A surplus of $22 500.
• B) A deficiency of $22 500.
• C) A surplus of $67 500.
• D) A deficiency of $67 500.

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Definitions:

Genus Homo

The biological genus to which humans belong, characterized by higher cognitive and social abilities compared to other primates.

Genetic Polymorphism

The occurrence of two or more genetically determined variants within a population, contributing to its genetic diversity.

Adaptive Advantage

A trait or characteristic that improves an organism's ability to survive and reproduce in its particular environment.

Adaptive Advantage

A genetic trait that enhances an organism's ability to survive and reproduce in its environment.