JAMB - Commerce (2015 - No. 20)
Company has an authorized capital of 100millon shares at N1 per share, out of which 50 million shares have been issued and fully paid-up, the remaining 50 million shares have?
Not yet been issued
Been applied for but not issued
Not been paid-up
Been issued but have not been paid-up
Uitleg
Of the 100 million shares, 50 million has been issued and fully paid, this means that the remaining part of the shares has not been issued.