Post Utme Elizade University 2020 Commerce Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2020 Commerce Objective / Multiple Choice
Question 17 POST_UTME_ELIZADE_UNIVERSITY • 2020 • COMMERCE • objective

A company X has a capital of ₦10,000,000, divided into 100,000 ordinary shares of ₦100 each. If the company issues 20,000 shares to the public, what is the amount of money received from the public?

Answer Options

A. ₦2,000,000
Correct Answer B. ₦4,000,000
C. ₦6,000,000
D. ₦8,000,000
Correct Answer
B
Correct Option:
₦4,000,000

About This Question

This is Post Utme Elizade University 2020 Commerce Question 17. It is one of the objective questions from the 2020 Post Utme Elizade University Commerce examination.

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