A company had an authorized share capital of 30,000. It offered applicants N20,000 share capital...

WAEC 1989

A company had an authorized share capital of 30,000. It offered applicants N20,000 share capital out of which the company collected N15,000.
What was the unissued capital?

A. N35,000
B. N30,000
C. N15,000
D. N10,000
E. N5,000

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Correct Answer: Option D

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