Post Utme Oau 2023 Commerce Question 29

Practice objective / multiple choice question 29 from the 2023 Post Utme Oau Commerce examination.

Post Utme Oau 2023 Commerce Objective / Multiple Choice
Question 29 POST_UTME_OAU • 2023 • COMMERCE • objective

A company has a capital of ₦1,000,000, divided into 10,000 shares of ₦100 each. If the company issues 5,000 shares at a premium of ₦20 per share, what is the total amount received from the issue of shares?

Answer Options

Correct Answer A. ₦1,100,000
B. ₦1,050,000
C. ₦1,000,000
D. ₦1,050,000
Correct Answer
A
Correct Option:
₦1,100,000

About This Question

This is Post Utme Oau 2023 Commerce Question 29. It is one of the objective questions from the 2023 Post Utme Oau Commerce examination.

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