Post Utme Afe Babalola University 2021 Commerce Question 7

Practice objective / multiple choice question 7 from the 2021 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2021 Commerce Objective / Multiple Choice
Question 7 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2021 • COMMERCE • objective

A company has a share capital of ₦5 million, divided into 500,000 ordinary shares of ₦10 each. If the company issues 200,000 shares to the public, what is the amount of share capital raised?

Answer Options

A. ₦1 million
Correct Answer B. ₦2 million
C. ₦3 million
D. ₦4 million
Correct Answer
B
Correct Option:
₦2 million

About This Question

This is Post Utme Afe Babalola University 2021 Commerce Question 7. It is one of the objective questions from the 2021 Post Utme Afe Babalola University Commerce examination.

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