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

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.
  • A.
    #225,000
  • B.
    #236,250
  • C.
    #247,500
  • D.
    #202,500
Correct Answer: Option C
Explanation
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