Post Utme Babcock University 2021 Commerce Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Babcock University Commerce examination.

Post Utme Babcock University 2021 Commerce Objective / Multiple Choice
Question 12 POST_UTME_BABCOCK_UNIVERSITY • 2021 • COMMERCE • objective

A company X 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 Babcock University 2021 Commerce Question 12. It is one of the objective questions from the 2021 Post Utme Babcock University Commerce examination.

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