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A public company with an authorized capital of N60,000, issued N36,000 shares at 1.50k ...

A public company with an authorized capital of N60,000, issued N36,000 shares at 1.50k each.
What is its capital?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A N60,000
  • B N36,000
  • C N54,000
  • D N90,000
Correct Answer: Option C
Explanation:
36000 x 1.50k
54,000

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