A public company with an authorized capital of N60000 issued N36000 shares at 1.50k each. What is its capital?

By: |Published on: Dec 14|Categories: Commerce JAMB| 0 comments

A. N60,000
B. N36,000
C. N54,000
D. N90,000

Correct Answer:

Option C – N54,000

Explanation

36000 x 1.50k
54,000

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