Post Utme Greenfield University 2019 Commerce Question 12

Practice objective / multiple choice question 12 from the 2019 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2019 Commerce Objective / Multiple Choice
Question 12 POST_UTME_GREENFIELD_UNIVERSITY • 2019 • COMMERCE • objective

A company has a share capital of ₦10,000,000 divided into 10,000,000 ordinary shares of ₦1 each. If the company issues 2,000,000 shares at a premium of ₦0.50 per share, what is the amount of premium received?

Answer Options

A. ₦1,000,000
Correct Answer B. ₦2,000,000
C. ₦5,000,000
D. ₦10,000,000
Correct Answer
B
Correct Option:
₦2,000,000

About This Question

This is Post Utme Greenfield University 2019 Commerce Question 12. It is one of the objective questions from the 2019 Post Utme Greenfield University Commerce examination.

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