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WAEC Accounting 2016 Paper

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Question : 36

Total: 50

Use the following information and answer the question below.
Oruma Ltd issued 300,000 ordinary shares at N100 each. Applications were received for 200,000 shares and all those who applied, paid in full.

The authorized share capital is

N300,000
N250,000
N200,000
N150,000

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