Post Utme Babcock University 2024 Accounting Question 35

Practice objective / multiple choice question 35 from the 2024 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2024 Accounting Objective / Multiple Choice
Question 35 POST_UTME_BABCOCK_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issues 1,000 shares of common stock at ₦10 per share. If the company has a par value of ₦5 per share, what is the total amount of cash received from the sale of these shares?

Answer Options

A. ₦10,000
Correct Answer B. ₦15,000
C. ₦20,000
D. ₦25,000
Correct Answer
B
Correct Option:
₦15,000

About This Question

This is Post Utme Babcock University 2024 Accounting Question 35. It is one of the objective questions from the 2024 Post Utme Babcock University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support