Post Utme Caleb University 2025 Accounting Question 10

Practice objective / multiple choice question 10 from the 2025 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2025 Accounting Objective / Multiple Choice
Question 10 POST_UTME_CALEB_UNIVERSITY • 2025 • ACCOUNTING • objective

A company has a capital of ₦2,000,000 divided into 400,000 shares of ₦5 each. If the company issues 40,000 shares at a premium of ₦2 per share, calculate the new capital.

Answer Options

A. ₦2,800,000
B. ₦3,200,000
Correct Answer C. ₦3,600,000
D. ₦4,000,000
Correct Answer
C
Correct Option:
₦3,600,000

About This Question

This is Post Utme Caleb University 2025 Accounting Question 10. It is one of the objective questions from the 2025 Post Utme Caleb University Accounting examination.

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