A public company has an authorized capital of 60,000 shares, A share costs 150k and the company has issued 36,000 shares. The issued capital would be?
A. N90,000 B. N60,000 C. N54,000 D. N36,000 Correct Answer: Option C C. N54,000In which of the following do shareholders always vote according to their shareholdings?
A. Partnership B. Cooperative society C. Public limited company D. Public corporation Correct Answer: Option B B. Cooperative societyIf the turnover of as business is N16,000 and the cost of goods N12,000, what is the percentage of gross profit on sales?
A. 75% B. 40% C. 33% D. 25% Correct Answer: Option D D. 25%They total amount of money actually received by a company out of the issued capital is?
A. paid-up capital B. unissued capital C. reserved capital D. called-up capital Correct Answer: Option D D. called-up capitalProducts
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