Post Utme Joseph Ayo Babalola University 2023 Accounting Question 24

Practice objective / multiple choice question 24 from the 2023 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2023 Accounting Objective / Multiple Choice
Question 24 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issues 10,000 shares at ₦10 per share. If the company has 5,000 shares outstanding, what is the total amount received from the issue of shares?

Answer Options

A. ₦50,000
Correct Answer B. ₦100,000
C. ₦150,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2023 Accounting Question 24. It is one of the objective questions from the 2023 Post Utme Joseph Ayo Babalola University Accounting examination.

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