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

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.

A. #225,000
B. #236,250
C. #247,500
D. #202,500

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Correct Answer: Option C

Explanation

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