JAMB Commerce 2012 Objective — Question 29

Question 29 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2012 Objective paper, with the correct answer and a full explanation.

The portion of the authorized share capital given out to the public for subscription is

A. called-up capital
B. issued capitalCorrect
C. paid-up capital
D. reserved capital

Explanation

Issued capital is the portion of the authorised capital which the company has offered the public for subscription and which has been fully subscribed for.

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