Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

The phrase " pro rata basis" means that each stockholder receives additional shares equal to the percentage of shares held. true or false .?

Accounting Cost Accounting Financial Accounting managerial accounting
user-image
Question added by Said Shaban , Accountant , Tri State Materials Testing
Date Posted: 2015/08/12
Upvote (0) Views (0) Followers (1) Answers (1) Report Question
Write an Answer
Register now or log in to answer.
Gashirai Masvikeni
by Gashirai Masvikeni , Audit Senior , Grant Thornton Cape (South Africa)

True: The term pro rata means in proportion to. Therefore, if a stockholder holds x% of the total shares in issue, prior to the pro rata issue, that stockholder will receive x% of the shares available under the pro rata issue.

Write Your Answer
More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.

Get Help