Company has an authorized capital of 100millon shares at N1 per share, out of which...
COMMERCE
JAMB 2015
Company has an authorized capital of 100millon shares at N1 per share, out of which 50 million shares have been issued and fully paid-up, the remaining 50 million shares have?
- A. Not yet been issued
- B. Been applied for but not issued
- C. Not been paid-up
- D. Been issued but have not been paid-up
Correct Answer: A. Not yet been issued
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