A public limited liability company having a nominal capital made up of 200 000 ordinary…

A public limited liability company having a nominal capital made up of 200 000 ordinary shares of 50k each decided to issued 50% of it to the public.
What is the authorized capital?
  • A.
    N40 000
  • B.
    N50 000
  • C.
    100 000
  • D.
    200 000
Correct Answer: Option B
Explanation
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