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JAMB Commerce 2012 Question 29

Question 29

Business Finance

The portion of the authorized share capital given out to the public for subscription is

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

Answer: B (issued capital)

Explanation

Issued capital is the part of the authorised capital actually offered to and taken up by the public.