by: Admin_LouisPosted on:

Determine the amount received on final call.

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

Answer is C

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