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.
Determine the amount received on application and allotment.
A.
#224,950
B.
#225,000
C.
#324,950
D.
#325,000
Correct answer is B
No explanation has been provided for this answer.
