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Revaluation of Assets

The minimum s...

Question

The minimum share application money is _______% of the nominal value of the shares.

A

2

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B

5

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C

20

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D

50

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Solution

The correct option is B 5
The minimum share application money is 5% of the nominal value of shares. Application money is the money received by the company when it issues shares to the public, once the application money is received then allotment is made to the shareholders.

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