Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An SAOG Company offered 5,000,000 shares of OMR 1 each to the public for subscription. The company received applications for 5,045,000 shares. The company
An SAOG Company offered 5,000,000 shares of OMR 1 each to the public for subscription. The company received applications for 5,045,000 shares. The company finalized the allotment on 5,000,000 shares and rejected applications for 45,000 shares. The company called up OMR 0.600. The company received the entire amount except on 5,250 shares on which call money has not been received. Which one of the following is the paid up capital? Oa. OMR 3,023,850 O b. OMR 3,000,000 O c. OMR 2,996,850 O d. OMR 3,027,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started