That portion of the share capital which the company has asked the shareholders to pay...
COMMERCE
WAEC 2011
That portion of the share capital which the company has asked the shareholders to pay for is known as
- A. authorized capital
- B. paid-up capital
- C. issued capital
- D. called-up capital
Correct Answer: D. called-up capital
Explanation
Called up share capital is shares issued to investors, under the understanding that the shares will be paid for at a later date or in installments.
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