Oil and Buns issued to the public 1,300,000 ordinary shares of 75k at a price
FINANCIAL
JAMB 2014
Oil and Buns issued to the public 1,300,000 ordinary shares of 75k at a price of #1.50k. Application and allotment were received for 900,000 shares at 25k each.
Determine the amount received on application and allotment
- A. #224,950
- B. #225,000
- C. #324,950
- D. #325,000
Correct Answer: B. #225,000
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