Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. i only have 2 minutes to solve the question so

I only have 2 minutes to solve the question Sohar logistics...

60.1K

Verified Solution

Question

Accounting

I only have 2 minutes to solve the question
image
Sohar logistics company has registered its capital as OMR 3,000,000 divided into 3,000,000 shares of OMR 1 each. During the year 2018, it issued 2,000,000 shares of OMR 1 each to the public for subscription. 80% of the issued shares was subscribed by the public. The company called up for all the allotted shares in full. There was a failure of payment of call money from a shareholder holding 3,000 shares. Calculate the amount of Paid up capital of the business. a. None of the options b. OMR 1,597,000 c. OMR 1,600,000 d. OMR 2,000,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A gradient payment series is received monthly for 20 years and deposited into an account. The...

Finance
Q

tollowing terms with their descriptions The smaller branch of a spinal nerve that innervates the...

Biology
Q

Two tangent galvanometers having coils of the same radius are connected in series A current...

Physics
Q

Determine an equation for the sinusoidal function given 2 45 0 M 135 180 225...

Geometry
Q

(a) Simplify 5.6 and write your answer without using negative exponents.(b) Simplify a(c) Simplify(d) Simplify13a...

Basic Math
Q

Smartphones A poll agency reports that 24 of teenagers aged 12 17 own smartphones A...

Statistics
Q

Find d dx 2 d 2x dx 3 2x 3 5 2 7x 5 2...

Calculus
Q

kindly see "required" heading and answer allz This is one question ...

Accounting
Q

On the basis of the following data: Determine the value of the inventory at the...

Accounting
Q

Please show how to do a 10-column worksheet, as well as an income statement and...

Accounting
Q

Olease see the new photo, thank you! 1) Five (5)...

Accounting
Q

Consider the following Treasury quotes. Given that the bonds are fairly priced, can you explain...

Finance