Post Utme Al Hikmah University 2023 Commerce Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Al Hikmah University Commerce examination.

Post Utme Al Hikmah University 2023 Commerce Objective / Multiple Choice
Question 37 POST_UTME_AL-HIKMAH_UNIVERSITY • 2023 • 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, what is the amount of share capital subscribed?

Answer Options

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

About This Question

This is Post Utme Al Hikmah University 2023 Commerce Question 37. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Commerce examination.

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