Commerce 1997 JAMB Past Questions

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A term which indicates that share is temporarily suspended is

A. ex-dividend
B. cum-dividend
C. bond
D. stock

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Leasing is the right to use asset for an agreed period in return for

A. profit
B. interest
C. wages
D. rents

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The form of business financing which involves pledging of a specific asset is

A. debenture
B. mortgage
C. loan
D. bond

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The total amount that a company is allowed to raised according to its memorandum of association is known as

A. issued capital
B. authorized capital
C. called-up capital
D. paid-up capital

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A public limited liability company having a nominal capital made up of 200 000 ordinary shares of 50k each decided to issued 50% of it to the public.

What is the authorized capital?

A. N40 000
B. N50 000
C. 100 000
D. 200 000

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Commerce 1997 JAMB Past Questions

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