A company has an authorized capital of 40 million shares at N1 per share, out
COMMERCE
JAMB 1999
A company has an authorized capital of 40 million shares at N1 per share, out of which 32 million shares have been issued and fully paid-up. The remaining 8 million shares have
- A. been issued but have not been paid-up
- B. been applied for but not issued
- C. not been paid-up
- D. not yet been issued
Correct Answer: D. not yet been issued
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