A limited company has an authorized capital of 20,000,000 shares. If each share capital costs 50k and the company sold 12,000,000 shares, its issued capital is? By: Sunday|Published on: May 29|Categories: Commerce WAEC| 0 comments A. #16,000,000 B. #10,000,000 C. #6,000,000 D. #4,000,000 Correct Answer: Option C C. #6,000,000 Users Also Read These:Adex Company Limited issued ordinary shares N1 each…The total of share capital which a company should be…The part of authorized capital of a company sold to…Company has an authorized capital of 100millon…Write short notes on any five of the following: (a)…SEE ALSO Which of the following must be submitted to the Registrar of Companies before the company is incorporated?