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Question - Prior to 1 May 2020, the share capital of Covid Ltd consists of 2,000,000 ordinary shares, issued at $1.90 but only called to $1. On May 1, the directors of Covid Ltd call the full amount owing on each ordinary share. If every ordinary shareholder pays the amount owing in full, how much money can Covid Ltd expect to collect from this call?
a. $900,000
b. $1,000,000
c. $1,800,000
d. $2,000,000
On April 18, 2010 Jim sold 300 shares of Redwood Corporation common stock for $8400. Jim acquired the stock in 2006 at a cost of $10000. On May 9, 2010 he repurchased 150 shares of Redwood corporation common stock for $3600 and held them until Aug..
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