A Ltd forfeited a share of Rs 100 issued at a premium of 20% for non-payment of the first call of Rs 30 per share and final call of Rs 10 per share. State the minimum price at which this share can be reissued.
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shares should be reissued at a price less than the face value
so, the company has received rs60 and rs 40 is not paid
I think it can be issued at rs. 60 and above but certainly not above 100rs.
so, the company has received rs60 and rs 40 is not paid
I think it can be issued at rs. 60 and above but certainly not above 100rs.
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