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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › financial reconstruction
In BPP chapter 13 financial reconstruction
A case study of Crosby and Dawson
In the solution the possible scheme of reconstruction is given….. I did not get the procedure of the distribution like ordinary shareholders, preference shareholders and debenture holders were all given ordinary shares. Why this is so? I mean how can we know that how to reconstruct and what to give to every party?
I am sorry. but I do not have BPP books, and so I can not help you.
(Although the fact that you have written that it says ‘a possible’ scheme of reconstruction sounds as though it is simply one suggestion (but not the only possibility))