It could be a big conceptual mistake on part of the material preparation team - and let me tell you the institute's material is full of printing mistakes and conceptual too and that's the reason we solve all the problems of the institute's material in our CFR tutorials... if you are computing net assets from the liabilities side then preference share capital and preference dividend both shall be subtracted. first, add ESC + PSC + Reserves - Value less assets = Owners equity now subtract preference share capital and dividend to get equity shareholders equity that is net assets available for equity shareholder. However, under Goodwill, capital employed means owners' Equity and that is the reason we don't subtract pref. Share capital and dividend thereon.
Thanks a lot sir