A company forfeited 4,000 shares of 10 each on which application money of '3 has been paid. Out of these 2,000
shares were reissued as fully paid up and 4,000 has been transferred to capital reserve. Calculate the rate at
which these shares were reissued.
a. '10 Per share
b. 9 Per share
11 Per share
d.
8 Per share
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Explanation:
d
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