Question
In 2018, Rainbow Company offered 1,500,000 shares of OMR 1 each to the public for subscription and called up amount was 0.600 OMR. The company
In 2018, Rainbow Company offered 1,500,000 shares of OMR 1 each to the public for subscription and called up amount was 0.600 OMR. The company received the entire amount except on 1,500 shares on which call money has not been received. Calculate the Paid-up Capital from the above details.
a.
OMR 899,100
b.
OMR 1,500,000
c.
None of the options
d.
OMR 900,000
direct answer with out explean
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
1118334329, 978-1118334324
