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  2. Topic
    Business
  3. Study Set
    Australian Financial Accounting
  4. Exam
    Exam 13: Share Capital and Reserves
  5. Question
    If a Partly Paid Share Issue Is Oversubscribed and the Shares
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If a Partly Paid Share Issue Is Oversubscribed and the Shares

Question 44

Question 44

True/False

If a partly paid share issue is oversubscribed and the shares are allocated on a pro rata basis,the excess application monies must be refunded to all subscribers.

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