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.
The book value of issued share capital is
#675,000
#975,000
#1,350,000
#1,950,000
Correct answer is D
No explanation has been provided for this answer.