Accounts - Principles of Accounts jamb 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 issued capital

N40

N48

N50

N80

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okezieagu

9 years ago

Amount of total shares subscribed #80 M.

Recall that authorized shares of #50m was split into 100m share. Nominal value being 50/100 =50k or 0.5. So, total shares subscribed 80 * 0.5 nominal value = #40

Sophybae

9 years ago

nice contribution

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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 issued capital

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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 issued capital