Post Utme Noun 2022 Commerce Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Noun Commerce examination.

Post Utme Noun 2022 Commerce Objective / Multiple Choice
Question 32 POST_UTME_NOUN • 2022 • COMMERCE • objective

A company has a share capital of ₦1,000,000, divided into 100,000 ordinary shares of ₦10 each. If the company issues 50,000 shares to the public, what is the amount of share premium received?

Answer Options

A. ₦250,000
Correct Answer B. ₦500,000
C. ₦750,000
D. ₦1,000,000
Correct Answer
B
Correct Option:
₦500,000

About This Question

This is Post Utme Noun 2022 Commerce Question 32. It is one of the objective questions from the 2022 Post Utme Noun Commerce examination.

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