Post Utme Elizade University 2020 Commerce Question 25

Practice objective / multiple choice question 25 from the 2020 Post Utme Elizade University Commerce examination.

Post Utme Elizade University 2020 Commerce Objective / Multiple Choice
Question 25 POST_UTME_ELIZADE_UNIVERSITY • 2020 • COMMERCE • objective

A company in Nigeria has a share capital of ₦1 million, divided into 10,000 shares of ₦100 each. The company issues 5,000 shares to the public at a premium of ₦20 per share. What is the total amount received from the public?

Answer Options

Correct Answer A. ₦1,050,000
B. ₦1,050,000
C. ₦1,050,000
D. ₦1,050,000
Correct Answer
A
Correct Option:
₦1,050,000

About This Question

This is Post Utme Elizade University 2020 Commerce Question 25. It is one of the objective questions from the 2020 Post Utme Elizade University Commerce examination.

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