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WAEC Commerce 2001 Question 34

Question 34

Business Finance

The portion of authorized capital made available to the public for subscription is

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

Answer: D (issued capital)

Explanation

Issued capital is the part of authorised capital offered to the public.