Home » Commerce » A limited company has an authorized capital of 20,000,000 shares. If each share capital costs…

A limited company has an authorized capital of 20,000,000 shares. If each share capital costs…

A limited company has an authorized capital of 20,000,000 shares. If each share capital costs 5ok and the company sold 12,000,000 shares, its issued capital is
  • A.
    #16,000,000
  • B.
    #10,000,000
  • C.
    #6,000,000
  • D.
    #4,000,000
Correct Answer: Option C
Explanation