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X Ltd forfeited 40 share of Rs 10 each and on...

This question belongs to Commerce Accounting
Accounting
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X Ltd. forfeited 40 share of Rs. 10 each and on which Rs. 4 per share were paid. If the forfeited share are reissued as Rs. 8 per share paid up, what is the minimum price the company must charge?

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Correct Answer: Option B
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