Post Utme Osustech 2020 Accounting Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Osustech Accounting examination.

Post Utme Osustech 2020 Accounting Objective / Multiple Choice
Question 4 POST_UTME_OSUSTECH • 2020 • ACCOUNTING • objective

A company has a balance sheet that shows assets of ₦500,000, liabilities of ₦200,000, and equity of ₦300,000. If the company issues 10,000 shares at a premium of ₦5 per share, what is the new equity?

Answer Options

A. ₦350,000
B. ₦360,000
C. ₦370,000
Correct Answer D. ₦380,000
Correct Answer
D
Correct Option:
₦380,000

About This Question

This is Post Utme Osustech 2020 Accounting Question 4. It is one of the objective questions from the 2020 Post Utme Osustech Accounting examination.

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