A company has an authorized capital of 40 milli... - JAMB Commerce 2012 Question
A company has an authorized capital of 40 million shares at N1 each, out f which 32 million are issued and fully paid-up. What happens to the remaining 8 million shares?
A
it has been issued but not paid-up
B
it has been applied for but not issued
C
it is not paid-up
D
it has not yet been issued
correct option: d
Please share this, thanks:
Add your answer
No responses