Post Utme Caleb University 2020 Commerce Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Caleb University Commerce examination.

Post Utme Caleb University 2020 Commerce Objective / Multiple Choice
Question 17 POST_UTME_CALEB_UNIVERSITY • 2020 • COMMERCE • objective

A company has a capital of ₦10,000,000 divided into 10,000 shares of ₦1,000 each. If the company issues 5,000 shares at a premium of ₦200 per share, what is the total amount received from the issue of shares?

Answer Options

A. ₦10,000,000
Correct Answer B. ₦12,000,000
C. ₦15,000,000
D. ₦18,000,000
Correct Answer
B
Correct Option:
₦12,000,000

About This Question

This is Post Utme Caleb University 2020 Commerce Question 17. It is one of the objective questions from the 2020 Post Utme Caleb University Commerce examination.

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