Question on: JAMB Accounting - 2014

Oil and Buns issued to the public 1,300,000 ordinary shares of 75k at a price of #1.50k. Application and allotment were received for 900,000 shares at 25k each.

The book value of issued share capital is

A
#675,000
B
#975,000
C
#1,350,000
D
#1,950,000
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Correct Option: D

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