Question

When the forfeited shares are reissued at discount the maximum discount that can be allowed is:
(A) 5% of the face value of a share
(B) equal to the amount forfeited on such shares
(C) 20% of the face value of a share
(D) there is no maximum limit

Answer 1

Answer:

I think, its options (B) equal to the amount forfeited on such share..

hope it is helpful

Answer 2

Option b is Right.....