A public company with an authorized capital of N60,000, issued N36,000 shares at 1.50k each….

A public company with an authorized capital of N60,000, issued N36,000 shares at 1.50k each.
What is its capital?

  • A.
    N60,000
  • B.
    N36,000
  • C.
    N54,000
  • D.
    N90,000
Correct Answer: Option C
Explanation

36000 x 1.50k
54,000

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