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.