A Ltd. Company has an authorized capital of 2,000,000 shares of D5 each. If the
COMMERCE
WAEC 2013
A Ltd. Company has an authorized capital of 2,000,000 shares of D5 each. If the company issued 1,200,000 shares, its issued capital is
- A. D 10,0000,000
- B. D6,000,000
- C. D4,000,000
- D. D2,000,000
Correct Answer: B. D6,000,000
Explanation
1,200,000 x 5 = 6,000,000
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