Issue of shares Forfeiture and Reissue of Shares ►If a shareholder fails to make the required payment due, the amount already paid on the shares is not refundable, then it is considered as forfeiture of shares The shares forfeited may be reissued ▶ The forfeited shares may be reissued at a minimum price equivalent to the unpaid amount. Any amount received in excess of the unpaid amount will be credited to the share capital account
Issue of shares Forfeiture and Reissue of Shares ►If a shareholder fails to make the required payment due, the amount already paid on the shares is not refundable, then it is considered as forfeiture of shares The shares forfeited may be reissued ▶ The forfeited shares may be reissued at a minimum price equivalent to the unpaid amount. Any amount received in excess of the unpaid amount will be credited to the share capital account
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
This is talking about equity, what is the slide talking about? I don't understand.

Transcribed Image Text:Issue of shares
Forfeiture and Reissue of Shares
►If a shareholder fails to make the required payment
due, the amount already paid on the shares is not
refundable, then it is considered as forfeiture of
shares
The shares forfeited may be reissued
▶ The forfeited shares may be reissued at a minimum
price equivalent to the unpaid amount. Any amount
received in excess of the unpaid amount will be
credited to the share capital account
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