Post Utme Bsu 2023 Commerce Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Bsu Commerce examination.

Post Utme Bsu 2023 Commerce Objective / Multiple Choice
Question 27 POST_UTME_BSU • 2023 • COMMERCE • objective

A company has a share capital of ₦1,000,000, divided into 100,000 ordinary shares of ₦10 each. If the company issues 50,000 shares to the public, what is the amount of share premium?

Answer Options

A. ₦250,000
Correct Answer B. ₦500,000
C. ₦750,000
D. ₦1,000,000
Correct Answer
B
Correct Option:
₦500,000

About This Question

This is Post Utme Bsu 2023 Commerce Question 27. It is one of the objective questions from the 2023 Post Utme Bsu Commerce examination.

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