Question on: JAMB Accounting - 2013
Given:
Applications were invited by the directors of Abiodun PLC for 500,000 ordinary shares of #1:00 each at #1:10 per share payable as follows;
On application 46k
On allotment 20k
1st Call 15k
2nd Call 19k
How much is to be paid for application?
A
#230,000
B
#280,000
C
#500,000
D
#550,000
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Correct Option: A
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