Post Utme Aaua 2018 Commerce Question 7

Practice objective / multiple choice question 7 from the 2018 Post Utme Aaua Commerce examination.

Post Utme Aaua 2018 Commerce Objective / Multiple Choice
Question 7 POST_UTME_AAUA • 2018 • COMMERCE • objective

A company has a share capital of ₦1,000,000, divided into 100,000 ordinary shares of ₦10 each. If the company issues 20,000 shares to the public, what is the amount of money received from the public?

Answer Options

A. ₦200,000
Correct Answer B. ₦400,000
C. ₦600,000
D. ₦800,000
Correct Answer
B
Correct Option:
₦400,000

About This Question

This is Post Utme Aaua 2018 Commerce Question 7. It is one of the objective questions from the 2018 Post Utme Aaua Commerce examination.

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