Question 22

Maimani Plc, whose nominal capital is made up of 5,000,000 ordinary shares of 50k each, decided to offer 80% of it to the public and realized only 50% of the amount due. What is the company's authorized share capital?

  • A.N2,500,000
  • B.N4,000,0000
  • C.N5,000,000
  • D.N7,500,000
Objective

Question details

Exam body
UI
Subject
Commerce
Year
2013/2014
Question no.
#22
Type
Objective

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