Company has an authorized capital of 100millon ... - JAMB Commerce 2015 Question
Company has an authorized capital of 100millon shares at N1 per share, out of which 50 million shares have been issued and fully paid-up the remaining 50 million shares have
A
Not yet been issued
B
Been applied for but not issued
C
Not been paid-up
D
Been issued but have not been paid-up
correct option: a
not of the 100 million shares, 50 million has issued and fully paid, this means that the remaining part of the shares has not been issued.
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