Question on: JAMB Commerce - 2006
A public company has 2 000 000 ordinary shares of 50k each and offers 50% for subscription at N2 per share.
If the shares were fully subscribed, calculate the issued capital?
If the shares were fully subscribed, calculate the issued capital?
A
N4 000 000
B
N2 000 000
C
N1 000 000
D
500 000
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Correct Option: D
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