{"id":55148,"date":"2024-04-16T00:22:27","date_gmt":"2024-04-16T00:22:27","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=55148"},"modified":"2024-04-16T00:22:27","modified_gmt":"2024-04-16T00:22:27","slug":"x-ltd-forfeited-40-shares-of-rs-10-each-and-on-which-rs-4-per-share-were-paid-if-the-forfeited-shares-are-reissued-as-rs-8-per-share-paid-up-what-is-the-minimum-price-the-company-must-charge","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/x-ltd-forfeited-40-shares-of-rs-10-each-and-on-which-rs-4-per-share-were-paid-if-the-forfeited-shares-are-reissued-as-rs-8-per-share-paid-up-what-is-the-minimum-price-the-company-must-charge\/","title":{"rendered":"X Ltd forfeited 40 shares of Rs. 10 each and on which Rs. 4 per share were paid. If the forfeited shares are reissued as Rs. 8 per share paid-up. What is the minimum price the company must charge?"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 2 per share&#8221; option2=&#8221;Rs. 1 per share&#8221; option3=&#8221;Rs. 8 per share&#8221; option4=&#8221;Rs. 10 per share&#8221; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is A. Rs. 2 per share.<\/p>\n<p>The company can reissue the forfeited shares at a price of Rs. 8 per share, but it is not required to do so. The company can reissue the shares at any price, as long as the price is not less than the amount that has already been paid on the shares. In this case, the amount that has already been paid on the shares is Rs. 4 per share, so the company must charge at least Rs. 4 per share for the reissued shares.<\/p>\n<p>Option B is incorrect because the company is not required to charge at least Rs. 1 per share for the reissued shares. The company can charge any price, as long as the price is not less than the amount that has already been paid on the shares.<\/p>\n<p>Option C is incorrect because the company is not required to charge at least Rs. 8 per share for the reissued shares. The company can charge any price, as long as the price is not less than the amount that has already been paid on the shares.<\/p>\n<p>Option D is incorrect because the company is not required to charge at least Rs. 10 per share for the reissued shares. The company can charge any price, as long as the price is not less than the amount that has already been paid on the shares.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;Rs. 2 per share&#8221; option2=&#8221;Rs. 1 per share&#8221; option3=&#8221;Rs. 8 per share&#8221; option4=&#8221;Rs. 10 per share&#8221; correct=&#8221;option1&#8243;]<\/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-55148","post","type-post","status-publish","format-standard","hentry","category-accounting","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>X Ltd forfeited 40 shares of Rs. 10 each and on which Rs. 4 per share were paid. If the forfeited shares are reissued as Rs. 8 per share paid-up. What is the minimum price the company must charge?<\/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\/x-ltd-forfeited-40-shares-of-rs-10-each-and-on-which-rs-4-per-share-were-paid-if-the-forfeited-shares-are-reissued-as-rs-8-per-share-paid-up-what-is-the-minimum-price-the-company-must-charge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"X Ltd forfeited 40 shares of Rs. 10 each and on which Rs. 4 per share were paid. If the forfeited shares are reissued as Rs. 8 per share paid-up. 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If the forfeited shares are reissued as Rs. 8 per share paid-up. What is the minimum price the company must charge?","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\/x-ltd-forfeited-40-shares-of-rs-10-each-and-on-which-rs-4-per-share-were-paid-if-the-forfeited-shares-are-reissued-as-rs-8-per-share-paid-up-what-is-the-minimum-price-the-company-must-charge\/","og_locale":"en_US","og_type":"article","og_title":"X Ltd forfeited 40 shares of Rs. 10 each and on which Rs. 4 per share were paid. If the forfeited shares are reissued as Rs. 8 per share paid-up. What is the minimum price the company must charge?","og_description":"[amp_mcq option1=&#8221;Rs. 2 per share&#8221; option2=&#8221;Rs. 1 per share&#8221; option3=&#8221;Rs. 8 per share&#8221; option4=&#8221;Rs. 10 per share&#8221; correct=&#8221;option1&#8243;]","og_url":"https:\/\/exam.pscnotes.com\/mcq\/x-ltd-forfeited-40-shares-of-rs-10-each-and-on-which-rs-4-per-share-were-paid-if-the-forfeited-shares-are-reissued-as-rs-8-per-share-paid-up-what-is-the-minimum-price-the-company-must-charge\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-16T00:22:27+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\/x-ltd-forfeited-40-shares-of-rs-10-each-and-on-which-rs-4-per-share-were-paid-if-the-forfeited-shares-are-reissued-as-rs-8-per-share-paid-up-what-is-the-minimum-price-the-company-must-charge\/","url":"https:\/\/exam.pscnotes.com\/mcq\/x-ltd-forfeited-40-shares-of-rs-10-each-and-on-which-rs-4-per-share-were-paid-if-the-forfeited-shares-are-reissued-as-rs-8-per-share-paid-up-what-is-the-minimum-price-the-company-must-charge\/","name":"X Ltd forfeited 40 shares of Rs. 10 each and on which Rs. 4 per share were paid. 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