Post Utme Bsu 2018 Commerce Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Bsu Commerce examination.

Post Utme Bsu 2018 Commerce Objective / Multiple Choice
Question 27 POST_UTME_BSU • 2018 • COMMERCE • objective

A company has a capital of ₦1,000,000, divided into 100,000 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
Correct Answer B. ₦250,000
C. ₦300,000
D. ₦350,000
Correct Answer
B
Correct Option:
₦250,000

About This Question

This is Post Utme Bsu 2018 Commerce Question 27. It is one of the objective questions from the 2018 Post Utme Bsu Commerce examination.

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