Use the following information to answer the question Bamidele co. ltd has authorized capital of 40,000,000, ordinary shares of N4 each. shares issues and fu...
Question 1 Report
Use the following information to answer the question
Bamidele co. ltd has authorized capital of 40,000,000, ordinary shares of N4 each. shares issues and fully paid are 25,000,000
The value of bamidele authorized share capital is?
Answer Details
The value of Bamidele's authorized share capital is N160,000,000. This is because authorized share capital is the maximum amount of capital that a company is authorized to raise through the issuance of shares. In this case, the authorized capital is 40,000,000 ordinary shares of N4 each, which gives a total of N160,000,000 (40,000,000 x N4). It is important to note that authorized share capital does not represent the actual amount of capital raised, but rather the maximum amount that can be raised.
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