ACCOUNTING

JAMB 2014 - Question 48

Account 2014 JAMB Past Questions - Question 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. The book value of issued share capital is

Choose the most appropriate option for the gap .
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.
The book value of issued share capital is
A:
B:
C:
D:
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Correct Answer

B

Explanation