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WAEC Commerce 2011 Question 7

Question 7

Business Finance

That portion of the share capital which the company has asked the shareholders to pay for is known as

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

Answer: D (called-up capital.)

Explanation

Called-up capital is the amount the company has asked shareholders to pay.