Post Utme Nile University 2018 Commerce Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Nile University Commerce examination.

Post Utme Nile University 2018 Commerce Objective / Multiple Choice
Question 27 POST_UTME_NILE_UNIVERSITY • 2018 • COMMERCE • objective

A company has a total of 10,000 shares outstanding, with a par value of ₦10 each. If the company issues 2,000 new shares at a premium of ₦20 per share, what is the total amount of additional capital raised?

Answer Options

A. ₦40,000
B. ₦80,000
Correct Answer C. ₦120,000
D. ₦160,000
Correct Answer
C
Correct Option:
₦120,000

About This Question

This is Post Utme Nile University 2018 Commerce Question 27. It is one of the objective questions from the 2018 Post Utme Nile University Commerce examination.

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