Concept:Issued capital is the part of authorised capital that a company actually offers and sells to shareholders.Explanation:Authorised capital is the maximum amount of capital a company is legally allowed to issue.The company does not usually sell the entire authorised capital at once.The portion of authorised capital that is offered or sold to the public is called issued capital.Paid-up capital means the part of share value already paid by shareholders.Called-up capital means the part of issued capital that shareholders have been asked to pay.Therefore, the part sold to shareholders is the issued capital.Answer:C. issued capital