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WASSCE
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The nominal capital of a public limited company is made up of 400,000 ordinary - shares of 50k each.
The Board of Directors decided to issue 50% of it for subscription by the public.
The authorized share capital is
A.
₦400,000
B.
₦200,000
C.
₦100,000
D.
₦50,000
Answer: B
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