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WAEC Commerce 2014 Question 43

Question 43

Business Finance

The part of authorized capital of a company sold to shareholders is

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

Answer: C (issued capital.)

Explanation

The part of authorised capital actually sold (issued) to shareholders is issued capital.