Part payments made on allotted shares by subscribers is usually the

Commerce

JAMB 2014

A. subscribed capital
B. authorized capital
C. issued capital
D. called-up capital

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Correct Answer: Option D

Explanation

Called up share capital is shares issued to investors, under the understanding that the shares will be paid for at a later date or in installments.

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Part payments made on allotted shares by subscribers is usually the

Correct Answer: Option D

Explanation

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