Post Utme Abu 2018 Commerce Question 22

Practice objective / multiple choice question 22 from the 2018 Post Utme Abu Commerce examination.

Post Utme Abu 2018 Commerce Objective / Multiple Choice
Question 22 POST_UTME_ABU • 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 at a premium of ₦5 per share, what is the total amount received from the issue of shares?

Answer Options

A. ₦200,000
B. ₦250,000
C. ₦300,000
Correct Answer D. ₦350,000
Correct Answer
D
Correct Option:
₦350,000

About This Question

This is Post Utme Abu 2018 Commerce Question 22. It is one of the objective questions from the 2018 Post Utme Abu Commerce examination.

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