Post Utme Ims U 2022 Accounting Question 33

Practice objective / multiple choice question 33 from the 2022 Post Utme Ims U Accounting examination.

Post Utme Ims U 2022 Accounting Objective / Multiple Choice
Question 33 POST_UTME_IMS_U • 2022 • ACCOUNTING • objective

A company issues 1,000 shares of common stock at ₦50 per share. If the company also issues 500 shares of preferred stock at ₦75 per share, what is the total amount of cash received from the issuance of stock?

Answer Options

A. ₦75,000
B. ₦80,000
C. ₦85,000
Correct Answer D. ₦90,000
Correct Answer
D
Correct Option:
₦90,000

About This Question

This is Post Utme Ims U 2022 Accounting Question 33. It is one of the objective questions from the 2022 Post Utme Ims U Accounting examination.

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