A limited liability company has an authorized share capital of N50 million split into 100
FINANCIAL
JAMB 1994
A limited liability company has an authorized share capital of N50 million split into 100 million shares 80 million share was offered for subscription at 60k per share payable in full on application. These have been fully subscribed and issued What is the nominal value of each share?
- A. N2
- B. N0.80
- C. N0.60
- D. N0.50
Correct Answer: D. N0.50
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *