Post Utme Nile University 2023 Accounting Question 27

Practice objective / multiple choice question 27 from the 2023 Post Utme Nile University Accounting examination.

Post Utme Nile University 2023 Accounting Objective / Multiple Choice
Question 27 POST_UTME_NILE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issued 5,000 shares of its common stock at a par value of ₦10 per share. If the company also issued 2,000 shares of its preferred stock at a par value of ₦20 per share, what is the total par value of the company's issued stock?

Answer Options

A. ₦100,000
Correct Answer B. ₦120,000
C. ₦150,000
D. ₦180,000
Correct Answer
B
Correct Option:
₦120,000

About This Question

This is Post Utme Nile University 2023 Accounting Question 27. It is one of the objective questions from the 2023 Post Utme Nile University Accounting examination.

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