The registered capital of L&T Global SAOG is OMR 4,000,000 which is divided into 4,000,000 shares. For public subscription, the company offered 3,000,000 shares for which they received applications for 3,500,000 shares. The company decided to allot 3,000,000 shares and rejected the remaining share application for 500,000 shares. The company called up OMR 0.600 per share and company received the entire amount except the amount on 2000 shares. Calculate the amount of different categories of share capital and prepare the abstract of SFOP
The registered capital of L&T Global SAOG is OMR 4,000,000 which is divided into 4,000,000 shares. For public subscription, the company offered 3,000,000 shares for which they received applications for 3,500,000 shares. The company decided to allot 3,000,000 shares and rejected the remaining share application for 500,000 shares. The company called up OMR 0.600 per share and company received the entire amount except the amount on 2000 shares. Calculate the amount of different categories of share capital and prepare the abstract of SFOP
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter20: Corporations: Organization And Capital Stock
Section: Chapter Questions
Problem 9SPB: STOCK SUBSCRIPTIONS AND TREASURY STOCK Rogers Hart formed a corporation and had the following...
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The registered capital of L&T Global SAOG is OMR 4,000,000 which is divided into 4,000,000 shares. For public subscription, the company offered 3,000,000 shares for which they received applications for 3,500,000 shares. The company decided to allot 3,000,000 shares and rejected the remaining share application for 500,000 shares. The company called up OMR 0.600 per share and company received the entire amount except the amount on 2000 shares.
Calculate the amount of different categories of share capital and prepare the abstract of SFOP
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