Question on: JAMB Accounting - 1994
A limited liability company has an authorized share capital of N50 million split into 100 million shares 80 million share was offered for subscription at 60k per share payable in full on application. These have been fully subscribed and issued
What is the nominal value of each share?
A
N2
B
N0.80
C
N0.60
D
N0.50
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Correct Option: D
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