Post Utme Ims U 2021 Commerce Question 17

Practice objective / multiple choice question 17 from the 2021 Post Utme Ims U Commerce examination.

Post Utme Ims U 2021 Commerce Objective / Multiple Choice
Question 17 POST_UTME_IMS_U • 2021 • COMMERCE • objective

A company has a share capital of ₦1,000,000, divided into 100,000 ordinary shares of ₦10 each. If the company issues 50,000 shares to the public, what is the amount of share capital raised?

Answer Options

A. ₦500,000
Correct Answer B. ₦750,000
C. ₦1,000,000
D. ₦1,500,000
Correct Answer
B
Correct Option:
₦750,000

About This Question

This is Post Utme Ims U 2021 Commerce Question 17. It is one of the objective questions from the 2021 Post Utme Ims U Commerce examination.

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