Question
On 1 January 2024 Maximus Ltd decided to issue 20 000 shares to the public, payable as follows: $2 on application $2 within one month
On 1 January 2024 Maximus Ltd decided to issue 20 000 shares to the public, payable as follows: $2 on application $2 within one month of allotment $1 for calls due 30 September 2024. Assuming the issue was fully subscribed and all amounts due were received by 30 June 2024. The balance of the Share Capital account on that date was:
a. $160 000. b. $100 000. c. $40 000 d.$20000.
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Accounting Theory Contemporary Accounting Issues
Authors: Thomas G. Evans
1st Edition
0324107846, 9780324107845
