Post Utme Eksu 2025 Accounting Question 26

Practice objective / multiple choice question 26 from the 2025 Post Utme Eksu Accounting examination.

Post Utme Eksu 2025 Accounting Objective / Multiple Choice
Question 26 POST_UTME_EKSU • 2025 • ACCOUNTING • objective

A company issued 15,000 shares of its common stock at a par value of ₦15 per share. If the company also issued 3,000 shares of its preferred stock at a par value of ₦30 per share, what is the total par value of the company's issued stock?

Answer Options

A. ₦225,000
B. ₦300,000
C. ₦375,000
Correct Answer D. ₦450,000
Correct Answer
D
Correct Option:
₦450,000

About This Question

This is Post Utme Eksu 2025 Accounting Question 26. It is one of the objective questions from the 2025 Post Utme Eksu Accounting examination.

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