Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

registered The nominal capital of the JK SAOG was OMR 5,000,000, which was divided into shares equal to 10,000,000. The company has in issue paid

image text in transcribed

registered The nominal capital of the JK SAOG was OMR 5,000,000, which was divided into shares equal to 10,000,000. The company has in issue paid up capital of OMR 2 million with no arrears. In the year 2020 the company came up with an IPO of 1 million shares. The company received application for 1.5 million shares. The company rejected the excess application and called up 75% of its face value amount for the allotted shares. 2 shareholders who were allotted 2,000 shares each failed to pay the call money. an Calculate the amount of different categories of share capital and prepare the abstract of SFOP registered The nominal capital of the JK SAOG was OMR 5,000,000, which was divided into shares equal to 10,000,000. The company has in issue paid up capital of OMR 2 million with no arrears. In the year 2020 the company came up with an IPO of 1 million shares. The company received application for 1.5 million shares. The company rejected the excess application and called up 75% of its face value amount for the allotted shares. 2 shareholders who were allotted 2,000 shares each failed to pay the call money. an Calculate the amount of different categories of share capital and prepare the abstract of SFOP

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Responsibility

Authors: Tom Cannon

2nd Edition

0273738739, 9780273738732

More Books

Students also viewed these Accounting questions

Question

=+Does it showcase the firm's benefits?

Answered: 1 week ago

Question

=+ Does it list exciting places to go and famous sites to see?

Answered: 1 week ago