The portion authorized capital made available to the public for subscription is?

Assessment: WAEC SSCE - Commerce - 2001 (Objective) Subject: Commerce

Question 1 Report

The portion authorized capital made available to the public for subscription is?
Answer Details
The portion of the authorized capital that is made available for the public to buy and actually subscribed for by them is called issued capital. In other words, issued capital refers to the total number of shares that have been allotted to the shareholders of a company, whether they are fully paid or not. It is the amount of the company's capital that has been issued and is in the hands of the shareholders, whereas authorized capital is the maximum amount of capital that a company is legally allowed to issue. Therefore, the correct answer to the question is "issued capital."

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