Post Utme Bowen University 2023 Commerce Question 18

Practice objective / multiple choice question 18 from the 2023 Post Utme Bowen University Commerce examination.

Post Utme Bowen University 2023 Commerce Objective / Multiple Choice
Question 18 POST_UTME_BOWEN_UNIVERSITY • 2023 • COMMERCE • objective

A company has a share capital of ₦10 million, divided into 100,000 ordinary shares of ₦100 each. If the company issues 20,000 ordinary shares at a premium of ₦20 per share, what is the total amount received from the issue of shares?

Answer Options

A. ₦400,000
B. ₦500,000
C. ₦600,000
Correct Answer D. ₦700,000
Correct Answer
D
Correct Option:
₦700,000

About This Question

This is Post Utme Bowen University 2023 Commerce Question 18. It is one of the objective questions from the 2023 Post Utme Bowen University Commerce examination.

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