Question

No SIM
9:21 PM
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Ans: (a) 1700000
(b) Rs. 170
Problem 3.4. Rapti Finance Company
has 100000 shares of authorized
common stock, each having Rs. 100 par
value. Over the years, it has issued
600,000 shares. The additional paid in
capital of the company is presently Rs.
4,000,000 and retained earning is Rs. .
5,000,000
a. How many new shares does
Rapti Finance Company can issue
under its existing authorization?​

Answer 1

Answer:

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