Post Utme Al Hikmah University 2017 Accounting Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2017 Accounting Objective / Multiple Choice
Question 29 POST_UTME_AL-HIKMAH_UNIVERSITY • 2017 • ACCOUNTING • objective

A firm has a capital of ₦150,000 divided into 30,000 shares of ₦5 each. If the firm issues 10,000 more shares of ₦10 each, what is the new capital?

Answer Options

A. ₦300,000
B. ₦350,000
Correct Answer C. ₦400,000
D. ₦450,000
Correct Answer
C
Correct Option:
₦400,000

About This Question

This is Post Utme Al Hikmah University 2017 Accounting Question 29. It is one of the objective questions from the 2017 Post Utme Al Hikmah University Accounting examination.

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