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Question on: JAMB Accounting - 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 Option: C

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