Ponting Ltd's paid-up capital currently comprises 4 000 000 shares issued fully paid for $14.00.The directors of Ponting Ltd have decided to undertake a capital reduction.
-What will be the paid-up capital per share after the capital reduction if the amount of the reduction is $20 000 000?
A) $12.00
B) $10.00
C) $9.00
D) $18.00
Correct Answer:
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