What is the paid up capital?

A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue 50% of it to the public and realized only 50% of the amount due

A. #50,000.00
B. #100,000.00
C. #150,000.00
D. #200,000.00

Correct Answer:

Option A – #50,000.00