A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of
COMMERCE
WAEC 1999
A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue 50% of it to the public and realized only 50% of the amount due What is the company's registered capital?
- A. #50,000.00
- B. #80,000.00
- C. #200,000.00
- D. #400,000.00
Correct Answer: C. #200,000.00
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