Post Utme Aaua 2020 Commerce Question 2

Practice objective / multiple choice question 2 from the 2020 Post Utme Aaua Commerce examination.

Post Utme Aaua 2020 Commerce Objective / Multiple Choice
Question 2 POST_UTME_AAUA • 2020 • 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 50,000 shares to the public, what is the amount of share premium?

Answer Options

A. ₦250,000
Correct Answer B. ₦500,000
C. ₦750,000
D. ₦1,000,000
Correct Answer
B
Correct Option:
₦500,000

About This Question

This is Post Utme Aaua 2020 Commerce Question 2. It is one of the objective questions from the 2020 Post Utme Aaua Commerce examination.

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