ABC Company issued 20,000 equity shares of OMR 1 each. The company called up OMR 0.700baisa and the company received the entire amount except on 1000 shares on which call money has not been received. The paid-up capital of the company is

a.

OMR 19,000

b.

OMR 5700

c.

OMR 13,300

d.

OMR 700

ABC Company had retained earnings of OMR 26,000 on 1st January 2019. It issued 50,000 ordinary shares of OMR0.500 baisa each and 20,000 6% preference shares of OMR1 each. Its profits after taxation for the year 2019 were OMR11,200. The directors have declared 0.200 baisa ordinary dividend per share. What will be the Net retained earnings at the year end 31st December 2019?

a.

OMR 0

b.

OMR 5,000

c.

OMR 26,000

d.

OMR10,000

ABC Co issues 80,000, 1 OMR shares for OMR120,000. the amount of premium per share will be

a.

OMR 0.500 baisa

b.

OMR 1.500

c.

OMR 1

d.

OMR 3