Question: I only have 2 minutes to solve the question During the year Ibri Oil Company offered 100,000 shares of OMR 1 each to the public

I only have 2 minutes to solve the question

During the year Ibri Oil Company offered 100,000 shares of OMR 1 each to the public for subscription. The company received applications and issued the same 100,000 shares. The company called up of OMR 0.600. The company received the entire amount for the called up. Calculate the Called-up Capital from the above details. a. OMR 60,000 b. OMR 40,000 C. OMR 100,000 d. None of the options

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