Post Utme Madonna University 2025 General Studies Question 12

Practice objective / multiple choice question 12 from the 2025 Post Utme Madonna University General Studies examination.

Post Utme Madonna University 2025 General Studies Objective / Multiple Choice
Question 12 POST_UTME_MADONNA_UNIVERSITY • 2025 • GENERAL STUDIES • objective

A company has a total of 1000 shares, divided into two classes: Class A and Class B. Class A shares have a par value of ₦10 each, while Class B shares have a par value of ₦20 each. If the company issues 500 shares of Class A and 300 shares of Class B, what is the total par value of the issued shares?

Answer Options

A. ₦15,000
Correct Answer B. ₦20,000
C. ₦25,000
D. ₦30,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Madonna University 2025 General Studies Question 12. It is one of the objective questions from the 2025 Post Utme Madonna University General Studies examination.

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