Post Utme Mountain Top University 2024 Accounting Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2024 Accounting Objective / Multiple Choice
Question 19 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issues 500 shares of 5 par value common stock at 10 per share. What is the amount of additional paid-in capital?

Answer Options

A. ₦2,500
B. ₦5,000
Correct Answer C. ₦10,000
D. ₦15,000
Correct Answer
C
Correct Option:
₦10,000

About This Question

This is Post Utme Mountain Top University 2024 Accounting Question 19. It is one of the objective questions from the 2024 Post Utme Mountain Top University Accounting examination.

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