Post Utme Oau 2020 Commerce Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Oau Commerce examination.

Post Utme Oau 2020 Commerce Objective / Multiple Choice
Question 23 POST_UTME_OAU • 2020 • COMMERCE • objective

A company has the following balance sheet: Assets = ₦100m, Liabilities = ₦50m, Equity = ₦50m. If the company issues 10m new shares at ₦5 per share, what will be the new equity value?

Answer Options

A. ₦60m
B. ₦65m
Correct Answer C. ₦70m
D. ₦75m
Correct Answer
C
Correct Option:
₦70m

About This Question

This is Post Utme Oau 2020 Commerce Question 23. It is one of the objective questions from the 2020 Post Utme Oau Commerce examination.

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