When shares are oversubscribed, the promoters may decide to scale down. When this is done,…

Accounts - Principles of Accounts WAEC 2002

When shares are oversubscribed, the promoters may decide to scale down. When this is done, the shares are issued proportionately

  • on pro-rate checkmark
  • at discount
  • at par
  • at premium

The correct answer is: A

Explanation

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