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A Ltd. Company has an authorized capital of 2,000,000 shares of D5 each. If the...

Commerce
WAEC 2013

A Ltd. Company has an authorized capital of 2,000,000 shares of D5 each. If the company issued 1,200,000 shares, its issued capital is

  • A. D 10,0000,000
  • B. D6,000,000
  • C. D4,000,000
  • D. D2,000,000
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Correct Answer: Option B
Explanation

1,200,000 x 5 = 6,000,000

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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