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WAEC Accounting 2016 Objective — Question 36

Question 36 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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36. The Authorised share capital is A. N300,000 B. N250,000 C. N200,000 D. N150,000

  • A. N300,000Correct
  • B. N250,000
  • C. N200,000
  • D. N150,000

Explanation

Authorised share capital = N100 × N300,000 = N300,000.

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