A limited company has an authorized capital of 20,000,000 shares. If each share capital costs
COMMERCE
WAEC 2007
A limited company has an authorized capital of 20,000,000 shares. If each share capital costs 5ok and the company sold 12,000,000 shares, its issued capital is
- A. #16,000,000
- B. #10,000,000
- C. #6,000,000
- D. #4,000,000
Correct Answer: C. #6,000,000
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