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JAMB UTME
A company has an authorized capital of 40 million shares at ₦1 each, out of which 32 million are issued and fully paid up. What happens to the remain 8 million shares.
A.
It has been issued but not paid up
B.
It has been applied for not issued
C.
It is not paid up
D.
It has not yet been issued
Answer: D
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