The authorized capital of the company was OMR 3,000,000 divided into shares of OMR 1 each. The company already had in issue 600,000 shares fully paid up. In the year 2021, the company again issued for subscription by the public 800,000 and share are fully subscribed by the public. How much amount will be the total issued capital of the company?
The authorized capital of the company was OMR 3,000,000 divided into shares of OMR 1 each. The company already had in issue 600,000 shares fully paid up. In the year 2021, the company again issued for subscription by the public 800,000 and share are fully subscribed by the public. How much amount will be the total issued capital of the company?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The authorized capital of the company was OMR 3,000,000 divided into shares of OMR 1 each. The company already had in issue 600,000 shares fully paid up. In the year 2021, the company again issued for subscription by the public 800,000 and share are fully subscribed by the public. How much amount will be the total issued capital of the company?
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