Question on: JAMB Accounting - 2015
What will be the number of shares to be issued to a subscriber who applied for 50,000 units.
A
20,000
B
18,000
C
15,000
D
12,000
Ask EduPadi AI for a detailed answer
Correct Option: A
Allotment = 500,000 = 0.4 or 40%
∴ Each subscriber would get 40% shares of what they applied for.
∴ 50,000 x 0.4 = 20,000 units
Add your answer
Please share this, thanks!
No responses