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Parts payments made on alloted shares by subscribers is usually the

Parts payments made on alloted shares by subscribers is usually the
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Authorized capital
  • B Subscribed capital
  • C Called -up capital
  • D Issued capital
Correct Answer: Option C
Explanation:
Called-up capital is the portion of issued share capital that the company has requested subscribers to pay. The amount may be paid in full or in instalments depending on the terms of the share issue.

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