A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of...

WAEC 1999

A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue 50% of it to the public and realized only 50% of the amount due
What is the paid up capital?

A. #50,000.00
B. #100,000.00
C. #150,000.00
D. #200,000.00

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Correct Answer: Option A

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