Given:
Share capital Issued (₦)
600,000 10% preference shares of ₦0.50 each –
600,000 ordinary shares of ₦1 each 500,000
Capital reserves 250,000
Revenue reserves 207,000
Long-term liabilities 400,000
1,357,000
What is the value of the authorized share capital?
Options
A) ₦500,000
B) ₦600,000
C) ₦750,000
D) ₦1,200,000
The correct option is C
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