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WAEC Financial Accounting 2022 Question 37

Question 37

Company Accounts

The maximum amount a company can raise through the issue of shares is

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

Answer: B (authorized capital)

Explanation

Authorized capital is the most a company may issue.