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Do you offer video solutions for JAMB questions?

Yes, Examkits provides detailed video explanations for all JAMB past questions from 2000 to 2024, helping students understand how to solve each problem.

Examkits offers free practice for some subjects. However, full access requires a one-time affordable activation fee for each version of the app.

ACCOUNTING

JAMB 2010 - Question 44

Account 2010 JAMB Past Questions - Question 44: Given: 6 000 000 10% preference shares of N 0.50 each 6 000 000 ordinary shares of N1 each Capital reserves N2 700 000 Long-term liabilities N4 000 000 Find the value of authorized share capital.

Choose the most appropriate option for the gap .

Given: 6 000 000 10% preference shares of N 0.50 each 6 000 000 ordinary shares of N1 each Capital reserves N2 700 000 Long-term liabilities N4 000 000
Find the value of authorized share capital.

A: 13 000 000

B: 12 000 000

C: 9 000 000

D: 15 700 000

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ACCOUNTING

Account 2010 JAMB Past Questions - Question 44: Given: 6 000 000 10% preference shares of N 0.50 each 6 000 000 ordinary shares of N1 each Capital reserves N2 700 000 Long-term liabilities N4 000 000 Find the value of authorized share capital.

Examkit's JAMB CBT App

Correct Answer

Explanation