Post Utme Babcock University 2025 Accounting Question 2

Practice objective / multiple choice question 2 from the 2025 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2025 Accounting Objective / Multiple Choice
Question 2 POST_UTME_BABCOCK_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issues 5,000 shares of its common stock at a par value of ₦10 per share. The company also issues 2,000 shares of its preferred stock at a par value of ₦20 per share. What is the total par value of the shares issued?

Answer Options

A. ₦100,000
B. ₦120,000
Correct Answer C. ₦150,000
D. ₦180,000
Correct Answer
C
Correct Option:
₦150,000

About This Question

This is Post Utme Babcock University 2025 Accounting Question 2. It is one of the objective questions from the 2025 Post Utme Babcock University Accounting examination.

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