COMMERCE

JAMB 2008 - Question 15

Commerce 2008 JAMB Past Questions - Question 15: Maimani Plc, whose nominal capital is made up of 5000 000 ordinary shares of 50k each, decided to offer 80% of it to the public and realised only 50% of the amount due. Determine the company's reserve share capital

use the information below to answer the questions 14 and 15
Maimani Plc, whose nominal capital is made up of 5000 000 ordinary shares of 50k each, decided to offer 80% of it to the public and realised only 50% of the amount due.
Determine the company's reserve share capital
A:
B:
C:
D:
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Correct Answer

B

Explanation

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