Given:
Authorized Capital: N100,000 ordina...
Given:
Authorized Capital: N100,000 ordinary shares of N1 each
Issued and fully paid:
50,000 ordinary shares of N1 each 50,000
10, 000 8% perference shares
of N 1 each
Reserves 10,000
Creditors 25,000
Debtors 13 000
Cash in hand 5000
Calculate the shareholders fund
N60,000
N75,000
N85,000
N185,000
Correct answer is C
No explanation has been provided for this answer.
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