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In 2018, Rainbow Company offered 1,500,000 shares of OMR 1 each to the public for...

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Question

Accounting

In 2018, Rainbow Company offered 1,500,000 shares of OMR 1 each to the public for subscription and called up amount was 0.600 OMR. The company received the entire amount except on 1,500 shares on which call money has not been received. Calculate the Paid-up Capital from the above details.
a.
OMR 900,000
b.
OMR 1,500,000
c.
None of the options
d.
OMR 899,100

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