Commerce WAEC

The authorized share capital is?

The nominal capital of a public limited company is made up of 400,000 ordinary shares of 50k each. The Board of Directors decided to issue 50% of it for subscription by the public.

A. #400,000
B. #200,000
C. #100,000
D. #50,000

Correct Answer: Option B

B. #200,000

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