Determine the company’s reserve share capital?

Determine the company’s reserve share capital?

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. N1000 000 C. N1500 000 D. N2000 000 Correct Answer: Option B – N1000...
Determine the company’s reserve share capital?

What is the company’s reserve share capital?

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...

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