Ade Company Limited has an authorized capital of 80,000 shares of N20 each, out of which 30,000 shares have been fully subscribed by the public and allotted as at 31st March 2006. Other assets and liabilities were:

Creditors     35,000
Motor van    90,000
Buildings      65,000
Stock            60,000
Debtors        15,000
Cash              5,000 
You are required to calculate:
(a) Issued capital 
(b) Unissued capital
(c) Total Assets
(d) Working capital.
 

(a) What is foreign trade?

(b) Explain four ways by which foreign trade is different from home trade.

(c) State five reasons why countries restrict foreign trade.
 

(a) State three differences between:
(i) shareholders and debenture holders.
(ii) Ordinary shares and preference shares.

(b) Explain four reasons for winding up a public limited company. 
 

(a) What is non-indemnity insurance?

(b) List and explain three types of life assurance policies.

(c) Explain the term surrender value.
 

(a) Who is a common carrier?

(b) State three functions of each of the following communication agents:
(i) Post Office.
(ii) Telecommunication.
(iii) Courier companies.