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?

Assessment: WAEC SSCE - Commerce - 2003 (Objective) Subject: Commerce

Question 1 Report

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 public company is the total number of shares that have been sold or issued to shareholders. In this case, the company has an authorized capital of 60,000 shares and has issued 36,000 shares. Therefore, the issued capital would be 36,000 x 150k = N5,400,000. So, the correct option is N54,000 which seems to be a typo, and the actual answer is N5,400,000.
Read lesson note on Business Capital And Profits (WAEC)
View Answer

Related Questions

1

The scope of commerce is limited to?
2

When a number of thrift societies come together and are registered, they become a?
3

Industry is a branch of production because it?
4

When a public company receives the certificate of incorporation, this implies that?
5

Which of the following is not a commercial occupation?
6

A worker who processed garri is engaged in?
7

Which of the following would not be stated in Memorandum of Association?
8

The greatest risk in a business venture is borne by the?

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning