Multiple Choice Questions on A Company invited applications for 1 00 000 shares and it received applications for 1 50 000 shares ........... for UPSC EPFO Exam Preparation

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Multiple Choice Questions

A Company invited applications for 1 00 000 shares and it received applications for 1 50 000 shares ...........

General Accounting Principles Accounting for Shares
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    A Company invited applications for 1,00,000 shares and it received applications for 1,50,000 shares. Applications for 30,000 shares were rejected and the remaining were allotted shares on prorata basis. How many shares an applicant for 3,000 shares will be allotted :

    2,500 Shares

    Correct Answer

    3,600 Shares

    Incorrect Answer

    4,500 Shares

    Incorrect Answer

    2,000 Shares

    Incorrect Answer
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    Explanation:

    2,500 Shares

    invited share applications =1,00,000 

    received shares applications =1,50,000 

    shares an applicant for 3,000 shares will be allotted :150000-30000 (shares rejected)

    100000/120000*3000=2500 shares

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