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JAMB Commerce 2013 Question 22

Question 22

Business Finance

The amount of authorized capital that shareholders have subscribed to is

  1. A.issued share capital.
  2. B.authorized share capital.
  3. C.owner's equity.
  4. D.working capital.
Show the answer and explanation

Answer: A (issued share capital.)

Explanation

Issued capital is the part of the authorised capital that has been offered to and taken up by shareholders.