Accounting · Company Accounts
The discount allowed on the reissue of forfeited shares cannot exceed:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1The amount received on the forfeited shares✓
- 210% of the paid-up capital of the company
- 3Up to 10% of the face value of the shares
- 4The unpaid called-up amount on the shares
Correct answer
The amount received on the forfeited shares
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