ACCOUNTING

JAMB 2015 - Question 47

Account 2015 JAMB Past Questions - Question 47: Oil and Buns issued to the public 1,300,000 ordinary shares of 75k at a price of N 1.50k. Appication and allotment were received for 900,000 shares at 25k each. Determine the amount received on application and allotment.

Use the information below to answer questions 47 and 48.
Oil and Buns issued to the public 1,300,000 ordinary shares of 75k at a price of N 1.50k. Appication and allotment were received for 900,000 shares at 25k each.
Determine the amount received on application and allotment.
A:
B:
C:
D:
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Correct Answer

B

Explanation

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