Account 2007 JAMB Past Questions - Question 14: A company's authorized share capital was one million ordinary shares at N1 each. It issued 80% of its shares at N1.10 per share. 70k was payable on application, 25k on allotment, 10k due on first call and the balance on second call. The total amount of money received on application was

A company's authorized share capital was one million ordinary shares at N1 each. It issued 80% of its shares at N1.10 per share. 70k was payable on application, 25k on allotment, 10k due on first call and the balance on second call.
The total amount of money received on application was