Post Utme Ims U 2024 Accounting Question 13

Practice objective / multiple choice question 13 from the 2024 Post Utme Ims U Accounting examination.

Post Utme Ims U 2024 Accounting Objective / Multiple Choice
Question 13 POST_UTME_IMS_U • 2024 • ACCOUNTING • objective

A company issues 10,000 shares of its common stock at a par value of ₦10 per share. The company also issues 5,000 shares of its preferred stock at a par value of ₦20 per share. What is the total par value of the company's issued stock?

Answer Options

A. ₦150,000
B. ₦200,000
Correct Answer C. ₦250,000
D. ₦300,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Ims U 2024 Accounting Question 13. It is one of the objective questions from the 2024 Post Utme Ims U Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support