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JAMB Commerce 2004 Question 29

Question 29

Business Finance

Authorized share capital is also known as

  1. A.called-up share capital
  2. B.paid-up share capital
  3. C.registered share capital
  4. D.issued share capital
Show the answer and explanation

Answer: C (registered share capital)

Explanation

Authorised capital is the maximum a company may issue as stated in its memorandum when it is registered, so it is also called registered or nominal capital.