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9 . A company's authorised capital consists of 4 , 0 0 0 , 0 0 0 5 0 c ordinary shares. The company pays

9. A company's authorised capital consists of 4,000,00050c ordinary shares. The company pays a dividend of 3% and the total sum received by shareholders is $45,000. What is the figure of called up share capital appearing in the company's balance sheet?
A $1,500,000
B $2,000,000
C $3,000,000
D $4,000,000

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