Post Utme Nile University 2023 Accounting Question 30

Practice objective / multiple choice question 30 from the 2023 Post Utme Nile University Accounting examination.

Post Utme Nile University 2023 Accounting Objective / Multiple Choice
Question 30 POST_UTME_NILE_UNIVERSITY • 2023 • ACCOUNTING • objective

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

Answer Options

A. ₦75,000
Correct Answer B. ₦100,000
C. ₦125,000
D. ₦150,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Nile University 2023 Accounting Question 30. It is one of the objective questions from the 2023 Post Utme Nile University Accounting examination.

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