An Issue of 50 000 Shares at $3 Required $2

question 6

Multiple Choice

An issue of 50 000 shares at $3 required $2.20 per share to be paid at the time of application. On allotment, another $0.30 was due and a further $0.50 when determined by the board of directors. The application money in respect of the 50 000 shares was received on 8 July. On 26 July, the shares were issued with the amount due on allotment received on 15 August. The remaining $0.50 was called up on 20 September and received on 10 October. What was the balance of share capital at 11 October?

• A) $25 000
• B) $125 000
• C) $150 000
• D) $110 000

Understand the significance of technology in extending human capabilities and its application in problem-solving.

Recognize the importance of timing in business decisions and the development of new products.

Comprehend demographic changes in the workforce and their implications for organizational management.

Understand the relationship between managing diversity and equal employment opportunity.

---

Definitions:

Ileostomy

A surgical opening created in the abdomen to allow waste to exit the body from the ileum, the lowest part of the small intestine, bypassing the rectum and anus.

Turkey Meatloaf

A variation of the traditional meatloaf dish, using ground turkey as the primary ingredient, often considered a healthier option.

White Rice

A type of rice that has had its husk, bran, and germ removed, leaving mostly the starchy endosperm, which results in a softer, quicker-cooking grain with a mild flavor.

Bowel Obstruction

A blockage in the intestines that prevents the normal passage of fluids, gases, and food through the digestive tract.