MIG Ltd. forfeited 80 shares of Rs 10 each, issued for non-payment of first call of...
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MIG Ltd. forfeited 80 shares of Rs 10 each, issued for non-payment of first call of Rs 2 per share. The second and final call of Rs 3 per share has not yet been called. Out of these, 20 shares were re-issued as Rs 7 paid-up for Rs 5 per share. The profit on re- issue is A B C D Rs 320 Rs 280 Rs 60 None of these MIG Ltd. forfeited 80 shares of Rs 10 each, issued for non-payment of first call of Rs 2 per share. The second and final call of Rs 3 per share has not yet been called. Out of these, 20 shares were re-issued as Rs 7 paid-up for Rs 5 per share. The profit on re- issue is A B C D Rs 320 Rs 280 Rs 60 None of these
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Related Book For
Essential University Physics
ISBN: 978-0321976420
3rd Edition Volume 2
Authors: Richard Wolfsonby, Richard Wolfson
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