Use the following information to answer the question Taurus Ltd was incorporated with the legal...
FINANCIAL
WAEC 2023
Use the following information to answer the question
Taurus Ltd was incorporated with the legal right to issue five million ordinary shares. The company has issued three million of the shares at GHC 0.60 per share. To date, the company has made calls of GHC 0.40 per share. All calls have been paid by shareholders except for GHC 100,000 owing from one shareholder.
The paid up share capital is
- A. GHC 300,000
- B. GHC 250,000
- C. GHC 500,000
- D. GHC 600,000
Correct Answer: D. GHC 600,000
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