Use the following information and answer the question below. Oruma Ltd issued 300,000 ordinary shares at N100 each. Applications were received for 200,000 s...

Answer Details

The subscribed share capital refers to the number of shares applied for and fully paid by shareholders. In this case, 200,000 shares were applied for and fully paid, which means the subscribed share capital is: 200,000 shares x N100 per share = N20,000,000 Therefore, the answer is N20,000,000.