Post Utme Aaua 2019 Accounting Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Aaua Accounting examination.

Post Utme Aaua 2019 Accounting Objective / Multiple Choice
Question 23 POST_UTME_AAUA • 2019 • ACCOUNTING • objective

A company issues 1,000 shares of common stock at ₦10 per share. If the company also issues 500 shares of preferred stock at ₦20 per share, what is the total amount of cash received from the issuance of stock?

Answer Options

A. ₦15,000
B. ₦20,000
C. ₦25,000
Correct Answer D. ₦30,000
Correct Answer
D
Correct Option:
₦30,000

About This Question

This is Post Utme Aaua 2019 Accounting Question 23. It is one of the objective questions from the 2019 Post Utme Aaua Accounting examination.

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