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WAEC Commerce 2003 Question 12

Question 12

Business Finance

The total amount of money actually received by a company out of the issued capital is

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

Answer: A (paid up capital)

Explanation

Paid-up capital is the part of issued capital actually paid by shareholders.