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 reserved capital is
a
#300,000
b
#200,000
c
#100,000
d
#50,000
Explanation
Correct Option
aNo explanation available
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Discussions (2)
musharaf12
3 years ago
the answer is suppose to be #200000 cause 50% of 400000 is 200000 Next 400000-200000:- 200000
Chuks612
9 years ago
This can't definitely be right. 50% of #400000 should give Mhe #200000,therefore,the answer is B.
