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Authorized capital of the company is divided in to 500,000 shares of OMR 1 each. Company issued 300,000 shares. Public applied for 360,000 shares. This situation is called:

Authorized capital of the company is divided in to 500,000 shares of OMR 1 each. Company issued 300,000 shares. Public applied for 360,000 shares. This situation is called:

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Authorized capital of the company is divided in to 500,000 shares of OMR 1 each. Company issued 300,000 shares. Public applied for 360,000 shares. This situation is called: Done None of these Share capital Over subscription Under subscription
Transcribed Image Text:Authorized capital of the company is divided in to 500,000 shares of OMR 1 each. Company issued 300,000 shares. Public applied for 360,000 shares. This situation is called: Done None of these Share capital Over subscription Under subscription
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