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

By: |Published on: Aug 19|Categories: 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

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