Badge Plc issued 450,000 ordeinary shares of 50k each at #1.50 per share Application and…

Accounts - Principles of Accounts JAMB 2016

Badge Plc issued 450,000 ordeinary shares of 50k each at #1.50 per share
Application and allotment 45k
1st call 50k
2nd call 55k

Determine the amount received on final call.

  • #225,000
  • #236,250
  • #247,500 checkmark
  • #202,500

The correct answer is: C

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