Maro Merchant Bank plc is to issue N500,000 ordinary shares of 50k each at N 3.00 per share. Applications were received for N1,550,000 shares fully paid, N1,250,000 shares are to be issued on a pro rata basis and excess subscriptions were dishonored and refunds made? 

What will be the number of shares to be issued to a subscriber who applied for N30,000 shares?

Similar Questions

Given: Stock at start: Raw materials................N57,000 Work-in-progress.............N42,000 ...

An analytical cash book is used to ...

Use the following information to answer the given question. \(\begin{array}{c|c} & ₦\\ \hli...

The financial position of an organization at a particular time can be ascertained from the ...

The instrument used in analysis and interpretation of financial statement is the ...

If liabilities amounted to N12,045, other assets N36,800and equity N26,896, the cash at hand would b...

The course of discrepancies between the bank statement and the cash book that overstates the cash bo...

NAFARA AND SONS Balance Sheet items as at 31st December, 1987. Capital N74480 Creditors N15875 ...

Sales for the period is ...

Use the following information to answer the given question: \(\begin{array}{c|c} & N \\ \hl...