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.
The book value of issued share capital is
- A. #675,000
- B. #975,000
- C. #1,350,000
- D. #1,950,000
Correct Answer: D. #1,950,000
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