plz solve !!! The nominal capital of the JK SAOG was OMRShare CapitalAuthorized or Registered or NominalCapital:OMR5,000,000 which was divided into shares equal to10,000,000. The company has in issue paid upIssued Capital:capital of OMR 2 million with no arrears. In theSubscribed Capital:year 2020 the company came up with an IPO of 1million shares. The company received anCalled-up Capital:application for 1.5 million shares. The companyPaid-up Capital:rejected the excess application and called up 75%of its face value amount for the allotted shares. 2shareholders who were allotted 2,000 shares eachfailed to pay the call money.Assets:Called up capital not yet paidCalculate the amount of different categories of Bank (Called up capital paid)share capital and prepare the abstract of SFOP

Face value per share = 5,000,000/10,000,000 = OMR 0.50 Amount of…

Answered: Calculate the amount of different…

Business

Accounting

Calculate the amount of different categories of share capital and prepare the abstract of SFOP

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter12: The Cost Of Capital

Section: Chapter Questions

Problem 17P

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Question

plz solve !!!

The nominal capital of the JK SAOG was OMR
Share Capital
Authorized or Registered or Nominal
Capital:
OMR
5,000,000 which was divided into shares equal to
10,000,000. The company has in issue paid up
Issued Capital:
capital of OMR 2 million with no arrears. In the
Subscribed Capital:
year 2020 the company came up with an IPO of 1
million shares. The company received an
Called-up Capital:
application for 1.5 million shares. The company
Paid-up Capital:
rejected the excess application and called up 75%
of its face value amount for the allotted shares. 2
shareholders who were allotted 2,000 shares each
failed to pay the call money.
Assets:
Called up capital not yet paid
Calculate the amount of different categories of Bank (Called up capital paid)
share capital and prepare the abstract of SFOP

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