Given:Authorized Capital: N100,000 ordinary shares of ₦1 eashIssued and fully ...

Question

Given:

Authorized Capital: N

100,000 ordinary shares of ₦1 eash

Issued and fully paid:

50,000 ordinary shares of ₦1 each 50,000

10, 000 8% perference shares

Of ₦1 each

Reserves 10,000

Creditors 25,000

Debtors 13 000

Cash in hand 5000

Calculate the shareholders fund

Options

C)

₦85,000