A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue 50% of it to the public and realized only 50% of the amount due What is the called-up capital

A public Limited Company whose nominal capital is made up of 400,000 ordinary shares of 50k each, decided to issue 50% of it to the public and realized only 50% of the amount due

What is the called-up capital

A #50,000.00
B #100,000.00
C #200,000.00
D #400,000.00

waec 1999 commerce

The correct answer is B. #100,000.00

No explanation given

Previous question Next question