Given:
N6 000 10% preference shares of N0.50 each
N6 000 ordinary shares of N1 each
Capital reserves N2 700 000
Long-term liabilities N4 000 000
Find the value of authorized share capital?
a
13 000 000
b
12 000 000
c
9 000 000
d
15 700 000
Explanation
Correct Option
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