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 applica...

Question 1 Report

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 19kHow much is to be paid for application?

#230,000

#280,000

#500,000

#550,000

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