Hi There is a question in which capital redemption reserve & dividend equalization reserve is given
it says that the preference share holders are issued 10% new preference shares in such quantity so as to maintain their dividend
the value is as below:
preference share capital - 50000
capital redemtion reserve - 30000
dividend equalization fund - 10000
proposed dividend - 15000
there is also equity share capital of rs 150000 & the value per share is 10
so what will be amount which will be given to preference share holders as per scheme of amalgamation.
CAclubindia
