Post Utme Lead City University 2021 Commerce Question 35

Practice objective / multiple choice question 35 from the 2021 Post Utme Lead City University Commerce examination.

Post Utme Lead City University 2021 Commerce Objective / Multiple Choice
Question 35 POST_UTME_LEAD_CITY_UNIVERSITY • 2021 • COMMERCE • objective

A company's memorandum of association may provide for the creation of a share capital. What is the primary purpose of this share capital?

Answer Options

A. To provide a source of funds for the company's working capital
Correct Answer B. To provide a source of funds for the company's long-term capital
C. To provide a source of funds for the company's reserve capital
D. To provide a source of funds for the company's contingent capital
Correct Answer
B
Correct Option:
To provide a source of funds for the company's long-term capital

About This Question

This is Post Utme Lead City University 2021 Commerce Question 35. It is one of the objective questions from the 2021 Post Utme Lead City University Commerce examination.

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