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WAEC Economics 2006 Question 22

Question 22

Business Organisations

The total amount of money raised by a company through issuance of shares to the public is

  1. A.debentures
  2. B.nominal capital
  3. C.ordinary shares
  4. D.paid-up capital.
Show the answer and explanation

Answer: D (paid-up capital.)

Explanation

Paid-up capital is the money actually received by a company from the shares it has issued.