Post Utme Mountain Top University 2024 Accounting Question 17

Practice objective / multiple choice question 17 from the 2024 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2024 Accounting Objective / Multiple Choice
Question 17 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issues 1,000 shares of 10 par value common stock at 15 per share. What is the amount of cash received from the sale of the shares?

Answer Options

Correct Answer A. ₦15,000
B. ₦10,000
C. ₦1,000
D. ₦15,000,000
Correct Answer
A
Correct Option:
₦15,000

About This Question

This is Post Utme Mountain Top University 2024 Accounting Question 17. It is one of the objective questions from the 2024 Post Utme Mountain Top University Accounting examination.

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