Post Utme Pan Atlantic University 2023 Commerce Question 37

Practice objective / multiple choice question 37 from the 2023 Post Utme Pan Atlantic University Commerce examination.

Post Utme Pan Atlantic University 2023 Commerce Objective / Multiple Choice
Question 37 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2023 • COMMERCE • objective

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

Answer Options

A. ₦55m
Correct Answer B. ₦55.5m
C. ₦56m
D. ₦56.5m
Correct Answer
B
Correct Option:
₦55.5m

About This Question

This is Post Utme Pan Atlantic University 2023 Commerce Question 37. It is one of the objective questions from the 2023 Post Utme Pan Atlantic University Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support