Post Utme Bsu 2020 Commerce Question 37

Practice objective / multiple choice question 37 from the 2020 Post Utme Bsu Commerce examination.

Post Utme Bsu 2020 Commerce Objective / Multiple Choice
Question 37 POST_UTME_BSU • 2020 • COMMERCE • objective

A company's articles of association state that the company's capital is divided into 100,000 shares of ₦10 each. If the company issues 80,000 shares, what is the total amount of capital raised?

Answer Options

A. ₦800,000
Correct Answer B. ₦1,000,000
C. ₦1,200,000
D. ₦1,600,000
Correct Answer
B
Correct Option:
₦1,000,000

About This Question

This is Post Utme Bsu 2020 Commerce Question 37. It is one of the objective questions from the 2020 Post Utme Bsu Commerce examination.

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