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JAMB Commerce 2014 Question 29

Question 29

Business Finance

Part payments made on allotted shares by subscribers is usually the

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

Answer: D (called-up capital.)

Explanation

The part of the share price the company has asked shareholders to pay so far is the called-up capital.