WAEC Commerce 2014 Theory — Question 43
Question 43 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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The part of authorized capital of a company sold to shareholders is
- A. paid-up capital
- B. called up capital
- C. issued capitalCorrect
- D. nominal capital
Explanation
When part of the authorised share capital has been sold, that part sold is referred to as issued capital/share.
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