The following data available from the record of ABC Limited : 10,000, 9% Preference Shares of ₹ 100 each fully paid and 80,000 equity shares of ₹ 10 each fully paid, Reserves and Surplus; ₹ 1,00,000. Total assets ₹ 30,00
CS Executive · Corporate and Management Accounting · PYQS · June 2023
The following data available from the record of ABC Limited : 10,000, 9% Preference Shares of ₹ 100 each fully paid and 80,000 equity shares of ₹ 10 each fully paid, Reserves and Surplus; ₹ 1,00,000. Total assets ₹ 30,00,000 out of total assets ₹ 40,000 worth of Assets are fictitious. Calculate the intrinsic value per equity share.
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Valuation of Shares
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