by Sunday | Dec 15 | Commerce JAMB
A. owners’ equity and long-term debts B. total assets and current liabilities C. share capital and long-term debts D. share capital and current liabilities Correct Answer: Option B – total assets and current...
by Sunday | Dec 15 | Commerce JAMB
Miamani Plc, whose nominal capital is made up of 5000 000 ordinary shares of 50k each, decided to offer 80% of it to the public and realized only 50% of the amount due. A. N2500 000 B. N4000 000 C. N5000 000 D. N2000 000 Correct Answer: Option A – N2500...
by Sunday | Dec 15 | Commerce JAMB
A. the sale of shares B. retained profits C. the sale of bonds D. lease financing Correct Answer: Option B – retained profits
by Sunday | Dec 15 | Commerce JAMB
A. OPEC B. ECOWAS C. AU D. EU Correct Answer: Option A – OPEC
by Sunday | Dec 15 | Commerce JAMB
A. the name conflicts with that of another B. it does not put ‘limited’ after its proposed name C. it has no paid-up capital D. it has no asset of its own Correct Answer: Option A – the name conflicts with that of...
by Sunday | Dec 15 | Commerce JAMB
A. incorporation B. trading C. commencement of business D. business registration Correct Answer: Option A – incorporation