Question
MultiSoft plc was incorporated in 2013. Its memorandum states that it has an authorized share capital of Ksh 2 million. Since then, it has allotted
MultiSoft plc was incorporated in 2013. Its memorandum states that it has an authorized share capital of Ksh 2 million. Since then, it has allotted and issued 1.2 million shares, all with a nominal value of Ksh 1.50. The terms of all allotments to date have provided that shares can be partly paid for with a minimum of 90 cents payable at allotment and the remainder due when called for. Of the 1.2 million shares, 500,000 have 90 pence paid up, 400,000 have Ksh 1.20 paid up, and the remainder are fully paid up. The company calls for 10 pence per share on all unpaid shares, but not all the members pay the called-for amount. Based on the information provided, calculate Multisoft's:
issued share capital
unissued share capital
paid-up capital
called-up capital
uncalled capital.
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