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Given: N6 000 10% preference shares of N0.50 each N6 000 ordinary shares of N1 ...

Given:
N6 000 10% preference shares of N0.50 each
N6 000 ordinary shares of N1 each
Capital reserves N2 700 000
Long-term liabilities N4 000 000
Find the value of authorized share capital?



A. 13 000 000
B. 12 000 000
C. 9 000 000
D. 15 700 000




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