Anand Itd forfeited 25 shares of 100 each issued at 10% premium on which
allotment money of * 30 per share (including premium) and first call of 30
per share were not received. Second and final call of 20 per share was not yet
made. If 10 of these shares were reissued at 70 per share as fully paid-up, the
gain on reissue is
a. 750
b. 650
C. 450
d. None of the above
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0
Answer:
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1
Answer:
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Explanation:
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