WAEC Commerce 2020 Objective — Question 16
Question 16 of 50 from the West African Examinations Council (WAEC) Commerce 2020 Objective paper, with the correct answer and a full explanation.
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The part of issued share capital that the company has asked the subscribers to pay for is
- A. authorized capital
- B. called-up capitalCorrect
- C. nominal capital
- D. paid-up capital
Explanation
When a company allots shares to subscribers to its share, when he requests them to pay, such request is referred to as call-up share.
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