Post Utme Nile University 2017 Commerce Question 12

Practice objective / multiple choice question 12 from the 2017 Post Utme Nile University Commerce examination.

Post Utme Nile University 2017 Commerce Objective / Multiple Choice
Question 12 POST_UTME_NILE_UNIVERSITY • 2017 • COMMERCE • objective

A company's articles of association state that the company must maintain a minimum cash reserve of ₦500,000. If the company's current cash reserve is ₦300,000, what is the minimum amount of additional funds the company must raise?

Answer Options

Correct Answer A. ₦100,000
B. ₦200,000
C. ₦500,000
D. ₦1,000,000
Correct Answer
A
Correct Option:
₦100,000

About This Question

This is Post Utme Nile University 2017 Commerce Question 12. It is one of the objective questions from the 2017 Post Utme Nile University Commerce examination.

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