The portion of the authorized share capital given out to the public for subscription is

Assessment: JAMB UTME - Commerce - 2012 Subject: Commerce

Question 1 Report

The portion of the authorized share capital given out to the public for subscription is
Answer Details
The portion of the authorized share capital given out to the public for subscription is called the "issued capital." This is the total amount of money that a company raises by selling shares of stock to the public. The company decides how much of its authorized share capital it wants to issue, and it can issue more or less than the total amount it is authorized to issue. For example, if a company is authorized to issue 1 million shares of stock, it might choose to only issue 500,000 shares to the public. The 500,000 shares that are sold to the public are referred to as the issued capital. In a nutshell, issued capital is the amount of money a company raises by selling shares of stock to the public, and it is a subset of the company's authorized share capital.

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