Home » Past Questions » Accounts » Umana Ltd. issued 200,000 shares at ₦1 each out of its Authorized Share capita...

Umana Ltd. issued 200,000 shares at ₦1 each out of its Authorized Share capita...


Question

Umana Ltd. issued 200,000 shares at ₦1 each out of its Authorized Share capital of ₦300,000 at ₦1 each. At the end of the first call, all shareholders paid in full, except for one shareholder who owes ₦10,000. The company's paid-up capital is

Options

A) ₦310,000

B) ₦290,000

C) ₦210,000

D) ₦190,000

The correct answer is D.


More Past Questions:


Discussion