Post Utme Christopher University 2025 Commerce Question 2

Practice objective / multiple choice question 2 from the 2025 Post Utme Christopher University Commerce examination.

Post Utme Christopher University 2025 Commerce Objective / Multiple Choice
Question 2 POST_UTME_CHRISTOPHER_UNIVERSITY • 2025 • 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 at a premium of ₦5 per share, what is the total amount received from the issue of shares?

Answer Options

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

About This Question

This is Post Utme Christopher University 2025 Commerce Question 2. It is one of the objective questions from the 2025 Post Utme Christopher University Commerce examination.

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