1.

X Ltd. forfeited 40 shares of Rs. 10 each and on which Rs. 4 per share were paid. If the forfeited shares 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» C. Rs 8 per share


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