28. Beeta Ltd. issued 10,000 shares of 10 each at 20% premium which was over-subscribed to the extent of 5,000 shares. All money to be paid on application only and shares were allotted pro-rata basis.The company will refund :
(A) 60,000
(B) 50,000
(C) 40,000
(D) 30,000
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Answer:
The correct answer is 50,000 shares
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