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?
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?
-
A.
N2500 000 -
B.
N4000 000 -
C.
N5000 000 -
D.
N2000 000