Post Utme Joseph Ayo Babalola University 2021 Commerce Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Joseph Ayo Babalola University Commerce examination.

Post Utme Joseph Ayo Babalola University 2021 Commerce Objective / Multiple Choice
Question 12 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2021 • COMMERCE • objective

A company has a share capital of ₦500,000 divided into 5,000 shares of ₦100 each. If the company issues 2,000 shares at a premium of ₦20 per share, what is the total amount received from the issue of shares?

Answer Options

A. ₦220,000
B. ₦240,000
Correct Answer C. ₦260,000
D. ₦280,000
Correct Answer
C
Correct Option:
₦260,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2021 Commerce Question 12. It is one of the objective questions from the 2021 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