WAEC Commerce 2014 Theory — Question 26
Question 26 of 50 from the West African Examinations Council (WAEC) Commerce 2014 Theory paper, with the correct answer and a full explanation.
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Using the same information, calculate the number of unissued shares of the company.
- A. 950,000 shares
- B. 50,000 sharesCorrect
- C. 450,000 shares
- D. 50,000 shares
Explanation
Unissued shares = (Authorised capital − Issued capital)/Nominal value = (500,000−450,000)/1.00 = 50,000 shares.
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