Utme 2024 Commerce Question 17

Practice objective / multiple choice question 17 from the 2024 Utme Commerce examination. This question covers Finance .

Utme 2024 Commerce Objective / Multiple Choice

Topic: Finance

Question 17 UTME • 2024 • COMMERCE • objective

INSTRUCTION

                            Use the information below to answer questions 17 and 18. Maimani Plc, whose nominal capital is made up of 5,000,000 ordinary shares of 50k each, decided to offer 80% of it to the public and realized only 50% of the amount due.

                        

What is the company's authorized share capital?

Answer Options

A. ₦4,000,000

Correct Answer B. ₦2,500,000

C. ₦5,000,000

D. ₦7,500,000

Correct Answer

Correct Option:

₦2,500,000

About This Question

This is Utme 2024 Commerce Question 17. It is one of the objective questions from the 2024 Utme Commerce examination.

The question covers Finance .

View More Utme 2024 Commerce Questions More Utme Practice Questions Back to Questions

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