Badge Plc issued 450,000 ordeinary shares of 50k each at #1.50 per share Application and
FINANCIAL
JAMB 2016
Badge Plc issued 450,000 ordeinary shares of 50k each at #1.50 per share
Application and allotment 45k
1st call 50k
2nd call 55k
Determine the amount received on final call.
- A. #225,000
- B. #236,250
- C. #247,500
- D. #202,500
Correct Answer: C. #247,500
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