Capital owned is the same as?

Assessment: WAEC SSCE - Commerce - 1994 (Objective) Subject: Commerce

Question 1 Report

Capital owned is the same as?
Answer Details
Capital owned refers to the total amount of money invested by the owners or shareholders in a business. It is the same as the net worth of a business or the shareholders' equity. This represents the amount of money that would be left over if all the business's debts were paid off. It is not the same as authorised capital, which is the maximum amount of capital a company is allowed to issue, or issued capital, which is the amount of capital that has been issued and is currently in the hands of the shareholders. Fixed assets refer to the tangible assets that a business owns, such as land, buildings, and equipment. Finally, a public limited company is a type of business structure where the shares are publicly traded on a stock exchange, and the liability of the shareholders is limited to the amount they have invested in the company.

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