{"id":54776,"date":"2024-04-16T00:15:58","date_gmt":"2024-04-16T00:15:58","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=54776"},"modified":"2024-04-16T00:15:58","modified_gmt":"2024-04-16T00:15:58","slug":"a-ltd-issued-a-prospectus-inviting-applications-for-2000-shares-applications-were-received-for-3000-shares-and-pro-data-allotment-was-made-on-the-applications-of-2400-shares-if-a-has-been-allott","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/a-ltd-issued-a-prospectus-inviting-applications-for-2000-shares-applications-were-received-for-3000-shares-and-pro-data-allotment-was-made-on-the-applications-of-2400-shares-if-a-has-been-allott\/","title":{"rendered":"A Ltd. issued a prospectus inviting applications for 2,000 shares. Applications were received for 3,000 shares and pro-data allotment was made on the applications of 2,400 shares. If A has been allotted 40 shares, how many shares he must have applied for ?"},"content":{"rendered":"

[amp_mcq option1=”40″ option2=”44″ option3=”48″ option4=”52″ correct=”option2″]<\/p>\n

The correct answer is B. 44<\/p>\n

Explanation:
\nA Ltd. issued a prospectus inviting applications for 2,000 shares. Applications were received for 3,000 shares and pro-data allotment was made on the applications of 2,400 shares. This means that 2,400 shares were allotted on a pro-rata basis, i.e., each share application was allotted a fraction of the shares applied for, proportional to the total number of shares applied for divided by the total number of shares allotted.<\/p>\n

If A has been allotted 40 shares, and 2,400 shares were allotted on a pro-rata basis, then A must have applied for 40 * 3,000 \/ 2,400 = 44 shares.<\/p>\n

Option A is incorrect because it is the number of shares that A was allotted.<\/p>\n

Option C is incorrect because it is the number of shares that were allotted on a pro-rata basis.<\/p>\n

Option D is incorrect because it is the number of shares that were issued by A Ltd.<\/p>\n","protected":false},"excerpt":{"rendered":"

[amp_mcq option1=”40″ option2=”44″ option3=”48″ option4=”52″ correct=”option2″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[85],"tags":[],"class_list":["post-54776","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"\nA Ltd. issued a prospectus inviting applications for 2,000 shares. Applications were received for 3,000 shares and pro-data allotment was made on the applications of 2,400 shares. If A has been allotted 40 shares, how many shares he must have applied for ?<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/a-ltd-issued-a-prospectus-inviting-applications-for-2000-shares-applications-were-received-for-3000-shares-and-pro-data-allotment-was-made-on-the-applications-of-2400-shares-if-a-has-been-allott\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Ltd. issued a prospectus inviting applications for 2,000 shares. Applications were received for 3,000 shares and pro-data allotment was made on the applications of 2,400 shares. If A has been allotted 40 shares, how many shares he must have applied for ?\" \/>\n<meta property=\"og:description\" content=\"[amp_mcq option1=”40″ option2=”44″ option3=”48″ option4=”52″ correct=”option2″]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/a-ltd-issued-a-prospectus-inviting-applications-for-2000-shares-applications-were-received-for-3000-shares-and-pro-data-allotment-was-made-on-the-applications-of-2400-shares-if-a-has-been-allott\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-16T00:15:58+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"A Ltd. issued a prospectus inviting applications for 2,000 shares. Applications were received for 3,000 shares and pro-data allotment was made on the applications of 2,400 shares. If A has been allotted 40 shares, how many shares he must have applied for ?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/a-ltd-issued-a-prospectus-inviting-applications-for-2000-shares-applications-were-received-for-3000-shares-and-pro-data-allotment-was-made-on-the-applications-of-2400-shares-if-a-has-been-allott\/","og_locale":"en_US","og_type":"article","og_title":"A Ltd. issued a prospectus inviting applications for 2,000 shares. Applications were received for 3,000 shares and pro-data allotment was made on the applications of 2,400 shares. If A has been allotted 40 shares, how many shares he must have applied for ?","og_description":"[amp_mcq option1=”40″ option2=”44″ option3=”48″ option4=”52″ correct=”option2″]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/a-ltd-issued-a-prospectus-inviting-applications-for-2000-shares-applications-were-received-for-3000-shares-and-pro-data-allotment-was-made-on-the-applications-of-2400-shares-if-a-has-been-allott\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-16T00:15:58+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/a-ltd-issued-a-prospectus-inviting-applications-for-2000-shares-applications-were-received-for-3000-shares-and-pro-data-allotment-was-made-on-the-applications-of-2400-shares-if-a-has-been-allott\/","url":"https:\/\/exam.pscnotes.com\/mcq\/a-ltd-issued-a-prospectus-inviting-applications-for-2000-shares-applications-were-received-for-3000-shares-and-pro-data-allotment-was-made-on-the-applications-of-2400-shares-if-a-has-been-allott\/","name":"A Ltd. issued a prospectus inviting applications for 2,000 shares. Applications were received for 3,000 shares and pro-data allotment was made on the applications of 2,400 shares. If A has been allotted 40 shares, how many shares he must have applied for ?","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-16T00:15:58+00:00","dateModified":"2024-04-16T00:15:58+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/a-ltd-issued-a-prospectus-inviting-applications-for-2000-shares-applications-were-received-for-3000-shares-and-pro-data-allotment-was-made-on-the-applications-of-2400-shares-if-a-has-been-allott\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/a-ltd-issued-a-prospectus-inviting-applications-for-2000-shares-applications-were-received-for-3000-shares-and-pro-data-allotment-was-made-on-the-applications-of-2400-shares-if-a-has-been-allott\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/a-ltd-issued-a-prospectus-inviting-applications-for-2000-shares-applications-were-received-for-3000-shares-and-pro-data-allotment-was-made-on-the-applications-of-2400-shares-if-a-has-been-allott\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"mcq","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/"},{"@type":"ListItem","position":3,"name":"accounting","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/accounting\/"},{"@type":"ListItem","position":4,"name":"A Ltd. issued a prospectus inviting applications for 2,000 shares. Applications were received for 3,000 shares and pro-data allotment was made on the applications of 2,400 shares. If A has been allotted 40 shares, how many shares he must have applied for ?"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/54776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=54776"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/54776\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=54776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=54776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=54776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}