Question

The Board of directors of a company decided to issue minimum no. of equity shares of Rs. 10 each at 20% discount to redeem 4500 preference shares of Rs.100 each. If maximum amount of divisible profit available for redemption is Rs.250558. Calculate no. of equity shares to be issued. Also, if the company wishes to issue shares in multiples of 50. (a) 24932 and 24950 (b) 24931 and 24950 (c) 24931 and 24500 (d) 24932 and 24500

Answer 1

option ➡️b) 24931 and 24950

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Answer 2

Answer:

option ➡️b) 24931 and 24950

Explanation:

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