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ASSERTION: When some of the forfeited shares are reissued, gain(profit) on reissued shares is transferred to Capital Reserve.REASON: Gain or profit on re issued shares is calculated as follows: total amount forfeited x no. of shares re issued-reissue discount No. of shares forfeited.(i) Both A and R are correct (ii) Both A and R are in correct (iii) A is correct but R is not correct explanation of A (iv) A is incorrect by R is correct

Answer»

Correct option is (i) Both A and R are correct



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