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Use the information below to answer question 14 and 15.Miamani Plc, whose nomina...


Question

Use the information below to answer question 14 and 15.

Miamani Plc, whose nominal capital is made up of 5000 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 reserve share capital?

Options

A) N2500 000

B) N4000 000

C) N5000 000

D) N2000 000

The correct answer is A.


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