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

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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