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WAEC Commerce 2015 Objective — Question 12

Question 12 of 50 from the West African Examinations Council (WAEC) Commerce 2015 Objective paper, with the correct answer and a full explanation.

The value of the issued capital amounts to

A. #160,000,000
B. #100,000,000Correct
C. #60,000,000
D. #15,000,000

Explanation

Value of fully paid share = #4 × 25,000,000 = #100,000,000.

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