Didi Ltd offered 10,000 ordinary shares of ₦1.50 each at a discount of 2% which were fully subscribed. With regard to the offer above
Options
A) shares are never offered at a discount; the offer is invalid
B) the value of shares in the capital account will be lowered by 2%
C) the company incurs a loss to the tune of 2% of the offer >>>>>>>>>
D) each of the subscribers loses 2% of investment
The correct answer is C.
We have WAEC, GCE, NECO, JAMB ONLINE TUTORIAL CLASS that can help you out. CLICK HERE TO GET STARTED.
