COMMERCE

JAMB 2008 - Question 14

Commerce 2008 JAMB Past Questions - Question 14: 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. What is the company's authorized 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.
What is the company's authorized share capital?
A:
B:
C:
D:
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Correct Answer

A

Explanation