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Practice question 3: ABC SAOG has been incorporated with an authorized capital of OMR 10,000,000 divided into shares of OMR 0.500 each. It had in
Practice question 3: ABC SAOG has been incorporated with an authorized capital of OMR 10,000,000 divided into shares of OMR 0.500 each. It had in issue 5 million shares fully paid up with no arrears. In the year 2020 it offered 10 million shares to the public and of which 90% of shares were been subscribed. The directors called for 80% of face value amount. The company received the entire amount except a call for 5,000 shares. Calculate the amount of different categories of share capital and prepare the an abstract of SFOP
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