Home » Commerce » A company had an authorized share capital of 30,000. It offered applicants N20,000 share capital…

A company had an authorized share capital of 30,000. It offered applicants N20,000 share capital…

A company had an authorized share capital of 30,000. It offered applicants N20,000 share capital out of which the company collected N15,000.
What was the issued capital?
  • A.
    N5,000
  • B.
    N10,000
  • C.
    N15,000
  • D.
    N20,000
  • E.
    N35,000
Correct Answer: Option D
Explanation