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The part of issued share capital that the company has asked the subscribers to pay...

Commerce
WAEC 2020

The part of issued share capital that the company has asked the subscribers to pay for is?

  • A. authorized capital
  • B. called-up capital
  • C. nominal capital
  • D. paid-up capital
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Correct Answer: Option B
Explanation

Called-up Capital: The portion of issued capital that the company has requested shareholders to pay.

Paid-up Capital: The amount of money that the company has received from shareholders in exchange for shares. This includes any called-up capital that has been paid by shareholders.

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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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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Your School's Whatsapp Group - Join Us now