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WAEC Commerce 2015 Objective — Question 11

Question 11 of 50 from the West African Examinations Council (WAEC) Commerce 2015 Objective paper, with the correct answer and a full explanation.

Bamidele Co. Ltd has authorized capital of #40,000,000 ordinary shares of #4 each. Shares issued and fully paid are 25,000,000. The value of Bamidele Co. Ltd's authorized share capital is

A. #160,000,000Correct
B. #100,000,000
C. #65,000,000
D. #40,000,000

Explanation

The value of the authorised share = #4 × 40,000,000 = #160,000,000.

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