Given: N6 000 10% preference shares of N0.50 each, N6 000 ordinary shares of N1
FINANCIAL
JAMB 2010
Given: N6 000 10% preference shares of N0.50 each, N6 000 ordinary shares of N1 each, Capital reserves N2 700 000, Long-term liabilities N4 000 000. Find the value of authorized share capital?
- A. 13 000 000
- B. 12 000 000
- C. 9 000 000
- D. 15 700 000
Correct Answer: C. 9 000 000
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