The book value of issued share capital is?

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.

A. #675,000
B. #975,000
C. #1,350,000
D. #1,950,000

Correct Answer:

Option D – #1,950,000