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The portion of the authorized share capital given out to the public for subscription is

Commerce
JAMB 2012

The portion of the authorized share capital given out to the public for subscription is

  • A. called-up capital
  • B. issued capital
  • C. paid-up capital
  • D. reserved capital
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Correct Answer: Option B
Explanation

The Issued Capital refers to the number of shares issued by the company to the shareholders.

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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts