A public company with an authorized capital of N60,000, issued N36,000 shares at 1.50k each….

Commerce JAMB 2010

A public company with an authorized capital of N60,000, issued N36,000 shares at 1.50k each.
What is its capital?

  • N60,000
  • N36,000
  • N54,000 checkmark
  • N90,000

The correct answer is: C

Explanation

36000 x 1.50k
54,000

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