AB Ltd. issued 10,000 shares of 10 each. These shares were underwritten as follows: X: 3,000 shares;

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AB Ltd. issued 10,000 shares of ₹10 each. These shares were underwritten as follows:

X: 3,000 shares; Y: 5,000 shares.

The public applied for 7,000 shares, which included marked applications, as follows:

X: 1,000 shares; Y: 2,000 shares.

Determine the liability of X and Y.

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Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

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Question Posted: Aug 31, 2023 04:48 AM

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AB Ltd. issued 10,000 shares of 10 each. These shares were underwritten as follows: X: 3,000 shares;

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Liability of the Underwriters Particulars Gross Liability Less Unmarked Application ...View the full answer

Corporate Accounting

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