A public company has an authorized capital of 60,000 shares, A share costs 150k and the company has issued 36,000 shares. The issued capital would be?

Answer Details

The issued capital of a company refers to the total number of shares that have been sold to shareholders. In this case, the authorized capital of the company is 60,000 shares and the company has issued 36,000 shares. To calculate the issued capital, we need to multiply the number of issued shares (36,000) by the price per share (N150k): Issued capital = 36,000 x N150k Issued capital = N5,400,000 Therefore, the issued capital of the company is N5,400,000, which corresponds to option C.