Post Utme Crawford University 2023 Accounting Question 3

Practice objective / multiple choice question 3 from the 2023 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2023 Accounting Objective / Multiple Choice
Question 3 POST_UTME_CRAWFORD_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issues 1,000 shares of common stock at ₦10 per share. If the company also issues 500 shares of preferred stock at ₦20 per share, what is the total amount of cash received?

Answer Options

A. ₦15,000
B. ₦20,000
C. ₦25,000
Correct Answer D. ₦30,000
Correct Answer
D
Correct Option:
₦30,000

About This Question

This is Post Utme Crawford University 2023 Accounting Question 3. It is one of the objective questions from the 2023 Post Utme Crawford 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