Post Utme Christopher University 2025 Accounting Question 15

Practice objective / multiple choice question 15 from the 2025 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2025 Accounting Objective / Multiple Choice
Question 15 POST_UTME_CHRISTOPHER_UNIVERSITY • 2025 • ACCOUNTING • objective

A company has a profit of ₦500,000 and a loss of ₦200,000. If the company issues 10,000 shares of ₦10 each at a premium of ₦5 per share, calculate the amount of profit that the company will make after issuing the shares.

Answer Options

A. ₦300,000
B. ₦400,000
Correct Answer C. ₦500,000
D. ₦600,000
Correct Answer
C
Correct Option:
₦500,000

About This Question

This is Post Utme Christopher University 2025 Accounting Question 15. It is one of the objective questions from the 2025 Post Utme Christopher University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support