Post Utme Joseph Ayo Babalola University 2018 Commerce Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2018 Commerce Objective / Multiple Choice
Question 27 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2018 • 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 20,000 shares to the public, how much will the company receive?

Answer Options

A. ₦200,000
Correct Answer B. ₦400,000
C. ₦600,000
D. ₦800,000
Correct Answer
B
Correct Option:
₦400,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2018 Commerce Question 27. It is one of the objective questions from the 2018 Post Utme Joseph Ayo Babalola University Commerce 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