ACCOUNTING

JAMB 2015 - Question 48

Account 2015 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. Application and allotment were received for 900,000 shares at 25k each. The book value of issued share capital is

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. Application 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

D

Explanation