Intel Solutions Ltd was formed with the legal right to be able to issue 400000 shares...

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Intel Solutions Ltd was formed with the legal right to be able to issue 400000 shares of Sh 4 each. However they actually issued 300000 of which none was fully paid. So far Intel Solutions Ltd has made calls of Sh 3 per share. All shares have been paid by the shareholders except for Sh 150000 shares whose shareholders have only paid Sh 1 per share. Required: Determine a) Authorized share capital b) Issued share capital Called up capital Calls in arrears e) Paid up capital. C) d) Intel Solutions Ltd was formed with the legal right to be able to issue 400000 shares of Sh 4 each. However they actually issued 300000 of which none was fully paid. So far Intel Solutions Ltd has made calls of Sh 3 per share. All shares have been paid by the shareholders except for Sh 150000 shares whose shareholders have only paid Sh 1 per share. Required: Determine a) Authorized share capital b) Issued share capital Called up capital Calls in arrears e) Paid up capital. C) d)

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