A limited company has an authorized capital of 20,000,000 shares. If each share capital cost 50k and the company sold 12,000,000
shares. Its issued capital is
The issued capital of a company is the total value of shares that have been sold to shareholders. In this case, the company sold
12,000,000 shares at a cost of 50k per share.
Therefore, the issued capital is 12,000,000 shares x 0. 50 (50k to naira)
= N6,000,000.
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