Given: Applications were invited by the directors of Abiodun PLC for 500,000 ordinary shares of
FINANCIAL
JAMB 2013
Given: Applications were invited by the directors of Abiodun PLC for 500,000 ordinary shares of #1:00 each at #1:10 per share payable as follows; On application 46k On allotment 20k 1st Call 15k 2nd Call 19k How much is to be paid for application?
- A. #230,000
- B. #280,000
- C. #500,000
- D. #550,000
Correct Answer: A. #230,000
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