A share is under-subscribed when

Accounts - Principles of Accounts WAEC 1993

A share is under-subscribed when

  • it is offered for sale at less than the nominal value
  • it is offered for sale at nominal value
  • the number of shares applied for is less than the offer checkmark
  • it is offered for sale at more thn norminal value
  • the number of shares applied for is more than the offer

The correct answer is: C

Explanation

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