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Intel Solutions Ltd was formed with the legal right to be able to issue 400000 shares of Sh 4 each. However they actually issued

Intel Solutions Ltd was formed with the legal right to be able to issue 400000 shares of Sh 4 each. However they actually issued 300000 of which none was fully paid. So far Intel Solutions Ltd has made calls of Sh 3 per share. All shares have been paid by the shareholders except for Sh 150000 shares whose shareholders have only paid Sh 1 per share. Required: Determine a) Authorized share capital b) Issued share capital Called up capital Calls in arrears e) Paid up capital. C) d)

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