Umana Ltd. issued 200,000 shares at N1 each out of its Au...
Umana Ltd. issued 200,000 shares at N1 each out of its Authorized Share capital of N300,000 at N1 each. At the end of the first call, all shareholders paid in full, except for one shareholder who owes N10,000. The company's paid-up capital is
N310,000
N290,000
N210,000
N190,000
Correct answer is D
No explanation has been provided for this answer.
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