| Use the following to answer this question. Industry ltd issued 100,000 shares at ₦1 each out of its Authorized share capital of ₦200,000 at ₦1 each. At the of the first call, all shareholders paid in full, except for two shareholders who owes ₦20,000. |
A. ₦310,000
B. ₦200,000
C. ₦210,000
D. ₦100,000
Correct Answer: Option D
D. ₦100,000
Explanation
Unissued capital is the total amount that has not been issued out on the authorized, nominal or registered capital.
Therefore, unissued capital = Authorized
capital – issued capital which is :
200,000 – 100,000 = ₦100,000
400 Level Department of Science Laboratory Technology exam questions and detailed answers. Download the answers in…
400 Level Department of Science Laboratory Technology exam questions and detailed answers. Download the answers in…
400 Level Department of Science Laboratory Technology exam questions and detailed answers. Download the answers in…
400 Level Department of Science Laboratory Technology exam questions and detailed answers. Download the answers in…
400 Level Department of Science Laboratory Technology exam questions and detailed answers. Download the answers in…
400 Level Department of Science Laboratory Technology exam questions and detailed answers. Download the answers in…
