JAMB Commerce 2014 Objective — Question 29

Question 29 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2014 Objective paper, with the correct answer and a full explanation.

Part payments made on allotted shares by subscribers is usually the

A. Subscribed capital
B. authorized capital
C. issued capital
D. Called-up capitalCorrect

Explanation

Called-up capital is part of the subscribed shares which the company has called the applicants to pay for.

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