WAEC Commerce 2013 Objective — Question 33
Question 33 of 50 from the West African Examinations Council (WAEC) Commerce 2013 Objective paper, with the correct answer and a full explanation.
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A ltd. Company has an authorized capital of 2,000,000 shares of ₦5 each. If the company issued 1,200,000 shares, it issued capital is
- A. ₦10,000,000
- B. ₦6,000,000Correct
- C. ₦4,000,000
- D. ₦2,000,000
Explanation
Issued capital = D5 × 1,200,000 = ₦6,000,000.
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