A public limited liability company having a nominal capital made up of 200 000 ordinary
COMMERCE
JAMB 1997
A public limited liability company having a nominal capital made up of 200 000 ordinary shares of 50k each decided to issued 50% of it to the public. What is the authorized capital?
- A. N40 000
- B. N50 000
- C. 100 000
- D. 200 000
Correct Answer: B. N50 000
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *