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WAEC Accounting 2019 Objective — Question 24

Question 24 of 50 from the West African Examinations Council (WAEC) Accounting 2019 Objective paper, with the correct answer and a full explanation.

Companies issue shares to the public in order to

A. reduce the number of directors
B. reduce the number of shareholders
C. raise capitalCorrect
D. generate profit

Explanation

One of the purposes for issuing shares is to raise capital.

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