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Gold Mine Lid commences business and issues one million shares with nominal values of $2 each. The company allows its allotees to pay $1.20 on

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Gold Mine Lid commences business and issues one million shares with nominal values of $2 each. The company allows its allotees to pay $1.20 on allotment and the remainder at a later date. All the allotees chose to do this and all shares are sold. What is Gold Mine Lid's uncalled share capital? Select one: a. $1,200,000 C O b. $2,000,000 C. $800,000 O d. $1,700,000

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