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...
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?
InAccounting
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Asked by Boyboy on 30th July, 2020
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