JAMB CBT Software 2024 - Free Download
JAMB CBT Mobile App 2024 - Free Download

Maro Merchant Bank plc is to issue N500,000 ordinary shares of 50k each at N...

Maro Merchant Bank plc is to issue N500,000 ordinary shares of 50k each at N 3.00 per share.
Applications were received for N1,550,000 shares fully paid, N1,250,000 shares are to be issued on a pro rata basis and excess subscriptions were dishonored and refunds made?
The refund due to an application for N25,000 shares is?
A. N45,000
B. N30,000
C. 7,500
D. N5,000

And show workings pls?

JAMB CBT 2024 - Candidates, Schools, Centres, Resellers - Get Ready!
JAMB CBT Mobile App 2024 - Free Download
JAMB CBT Software 2024 - Free Download
JAMB 2024 Whatsapp Group - Join us here
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
To get notifications when anyone posts a new answer to this question,
Follow New Answers

Post an Answer

Please don't post or ask to join a "Group" or "Whatsapp Group" as a comment. It will be deleted. To join or start a group, please click here

{{ quote.posted_by.display_name }}
{{ settings.form_textarea_description }}
JAMB CBT Mobile App 2024 - Free Download
JAMB CBT Software 2024 - Free Download
JAMB CBT 2024 - Candidates, Schools, Centres, Resellers - Get Ready!
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
JAMB 2024 Whatsapp Group - Join us here

Answers ({{ comment_count }})

Please wait...

{{ settings.no_comment_msg ? settings.no_comment_msg : 'There are no comments' }}
Ask Your Own Question

Quick Questions

See More Accounting Questions
 
JAMB 2024 Whatsapp Group - Join us here
JAMB CBT Software 2024 - Free Download
JAMB CBT 2024 - Candidates, Schools, Centres, Resellers - Get Ready!
JAMB CBT Mobile App 2024 - Free Download
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
JAMB 2024 Whatsapp Group - Join us here
JAMB CBT 2024 - Candidates, Schools, Centres, Resellers - Get Ready!
JAMB CBT Mobile App 2024 - Free Download
JAMB CBT Software 2024 - Free Download