WAEC Accounting 2016 Objective — Question 34
Question 34 of 50 from the West African Examinations Council (WAEC) Accounting 2016 Objective paper, with the correct answer and a full explanation.
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34. The subscribed share capital is A. N300,000 B. N250,000 C. N200,000 D. N150,000
- A. N300,000
- B. N250,000
- C. N200,000Correct
- D. N150,000
Explanation
Since all those who applied paid, then all of them subscribed. Thus, the price paid = N1 × 200,000 = N200,000.
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