P, K and R underwrote 80% of an issue of 20,000 preferene shares of 10 each in
Question:
P, K and R underwrote 80% of an issue of 20,000 preferene shares of ₹10 each in the ratio of 2:2:1. The ‘firm’ and ‘marked’ applications of the underwriters are as follows:
Applications for 16,000 shares were received in all. Prepare a statement showing the liability of each of the underwriters.
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Step by Step Answer:
To calculate the liability of each underwriter P K and R we can follow these steps Calculate the tot...View the full answer
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