The nominal capital of a public limited company is made up of 400,000 ordinary shares...

WAEC 2005

The nominal capital of a public limited company is made up of 400,000 ordinary shares of 50k each.
The Board of Directors decided to issue 50% of it for subscription by the public.

The authorized share capital is

A. #400,000
B. #200,000
C. #100,000
D. #50,000

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Correct Answer: Option B

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