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?
A. Rs. 2 per share
B. Rs. 4 per share
C. Rs. 8 per share
D. Rs. 10 per share
Answer: Option B
This Question Belongs to Commerce >> Accounting
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