Post Utme Madonna University 2018 Accounting Question 13

Practice objective / multiple choice question 13 from the 2018 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2018 Accounting Objective / Multiple Choice
Question 13 POST_UTME_MADONNA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's balance sheet at the end of the year shows total assets of ₦500,000, total liabilities of ₦200,000, and total equity of ₦300,000. If the company issues 10,000 shares of stock at ₦20 per share, what is the new total equity?

Answer Options

A. ₦350,000
B. ₦360,000
C. ₦370,000
Correct Answer D. ₦380,000
Correct Answer
D
Correct Option:
₦380,000

About This Question

This is Post Utme Madonna University 2018 Accounting Question 13. It is one of the objective questions from the 2018 Post Utme Madonna University Accounting examination.

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