Shares are said to be authorized when they are
FINANCIAL
JAMB 2023
Shares are said to be authorized when they are
- A. paid -up
- B. called up
- C. offered for sale
- D. subscribed
Correct Answer: C. offered for sale
Explanation
Authorized shares are defined as the maximum number of shares that a company is legally allowed to issue to investors as per its own determinations
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