WAEC Accounting 2025 Objective — Question 46
Question 46 of 50 from the West African Examinations Council (WAEC) Accounting 2025 Objective paper, with the correct answer and a full explanation.
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The maximum number of shares that a company is allowed by the law to offer to the public for subscription is
- A. authorized capitalCorrect
- B. paid-up capital
- C. called-up capital
- D. issued capital
Explanation
Authorized capital is the total amount of shares that a company can issue to the public for subscription.
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