Post Utme Bowen University 2019 Accounting Question 16

Practice objective / multiple choice question 16 from the 2019 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2019 Accounting Objective / Multiple Choice
Question 16 POST_UTME_BOWEN_UNIVERSITY • 2019 • ACCOUNTING • objective

A company has two types of shares: ordinary and preference. The ordinary shares have a par value of ₦10 each and a market value of ₦20 each. The preference shares have a par value of ₦5 each and a market value of ₦15 each. If the company has 100 ordinary shares and 50 preference shares, what is the total value of the shares?

Answer Options

A. ₦2500
Correct Answer B. ₦3000
C. ₦3500
D. ₦4000
Correct Answer
B
Correct Option:
₦3000

About This Question

This is Post Utme Bowen University 2019 Accounting Question 16. It is one of the objective questions from the 2019 Post Utme Bowen University Accounting examination.

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