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On 1 January 2020 Canada Ltd decided to issue 80 000 shares to the public payable as follows: 50 cents initially on application 20 cents

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On 1 January 2020 Canada Ltd decided to issue 80 000 shares to the public payable as follows: 50 cents initially on application 20 cents payable within one month of allotment 30 cents payable in calls due 30 September 2015 Assuming the issue was fully subscribed and all amounts due were received by 30 June 2020. The balance of the Share Capital account on that date was Select one a 580 000 b. None of the options 1556 000 O d. 540 000 e. $24 000

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