A limited company has an authorized capital of 20,000,000 shares. If each share capital costs...

WAEC 2007

A limited company has an authorized capital of 20,000,000 shares. If each share capital costs 5ok and the company sold 12,000,000 shares, its issued capital is

A. #16,000,000
B. #10,000,000
C. #6,000,000
D. #4,000,000

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Correct Answer: Option C

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