Use the Information Below to Answer the Following Questions

question 9

Multiple Choice

Use the information below to answer the following questions:
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.

---

Definitions:

Mob Action

Refers to actions or activities carried out by a large group of people, often in an unruly or violent manner.

Contagion Theory

A theory in social psychology that explains how ideas, attitudes, and behaviors can spread rapidly through crowds or groups, akin to the spread of diseases.

Le Bon's

Refers to theories or principles by Gustave Le Bon, notably on crowd psychology, suggesting that crowds operate on irrational, emotional forces.

Resource Mobilization

The process of gathering and managing resources (financial, human, informational) for the purpose of achieving organizational or group objectives.