JAMB Commerce 2020 Objective — Question 28
Question 28 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2020 Objective paper, with the correct answer and a full explanation.
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28. Authorized share is the same as
- A. A. Issued shares
- B. B. Offer for sale shares
- C. C. Subscribed shares
- D. D. None of the aboveCorrect
Explanation
Authorized share is the maximum number of shares which a limited liability company is allowed to issue during its life span. It is contained in the memorandum of association of the company.
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