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

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 paid-up capital?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A N35,000
  • B N30,000
  • C N20,000
  • D N15,000
  • E N5,000
Correct Answer: Option D
Explanation:

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