When shares are oversubscribed, the promoter may decide to scale down the number of shareholdings when this is done, the shares are being?

by | Aug 19 | Accounting WAEC | 0 comments

A. forfeited
B. issued at a discount
C. issued on prorata
D. issued at par
E. issued at a premium

Correct Answer:

Option C – issued at par

Users Also Read These:

Copyright warnings! Do not copy.