Post Utme Ksu 2017 Commerce Question 37

Practice objective / multiple choice question 37 from the 2017 Post Utme Ksu Commerce examination.

Post Utme Ksu 2017 Commerce Objective / Multiple Choice
Question 37 POST_UTME_KSU • 2017 • COMMERCE • objective

A company has a share capital of ₦10,000,000, divided into 1,000,000 ordinary shares of ₦10 each. If the company issues 500,000 shares to the public at a premium of ₦5 per share, what is the total amount received from the public?

Answer Options

A. ₦2,500,000
Correct Answer B. ₦5,000,000
C. ₦7,500,000
D. ₦10,000,000
Correct Answer
B
Correct Option:
₦5,000,000

About This Question

This is Post Utme Ksu 2017 Commerce Question 37. It is one of the objective questions from the 2017 Post Utme Ksu Commerce examination.

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