Umana Ltd. issued 200,000 shares at N1 each out of its Authorized Share capital of N300,000 at N1 each. At the end of the first call, all shareholders paid in full, except for one shareholder who owes N10,000. The company’s paid-up capital is

A. N310,000
B. N290,000
C. N210,000
D. N190,000

Correct Answer: Option D

D. N190,000