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A public company with an authorized capital of N60,000, issued N36,000 shares at 1.50k each....

Commerce
JAMB 2010

A public company with an authorized capital of N60,000, issued N36,000 shares at 1.50k each.
What is its capital?

  • A. N60,000
  • B. N36,000
  • C. N54,000
  • D. N90,000
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Correct Answer: Option C
Explanation

36000 x 1.50k
54,000

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