Post Utme Ksu 2025 Commerce Question 8

Practice objective / multiple choice question 8 from the 2025 Post Utme Ksu Commerce examination.

Post Utme Ksu 2025 Commerce Objective / Multiple Choice
Question 8 POST_UTME_KSU • 2025 • COMMERCE • objective

A company issues 1,000 shares of common stock at a price of ₦50 per share. If the company has a total of 5,000 shares outstanding, what is the total amount of cash received from the issuance of common stock?

Answer Options

A. ₦250,000
Correct Answer B. ₦500,000
C. ₦750,000
D. ₦1,000,000
Correct Answer
B
Correct Option:
₦500,000

About This Question

This is Post Utme Ksu 2025 Commerce Question 8. It is one of the objective questions from the 2025 Post Utme Ksu Commerce examination.

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