Post Utme Redeemers University 2020 Commerce Question 40

Practice objective / multiple choice question 40 from the 2020 Post Utme Redeemers University Commerce examination.

Post Utme Redeemers University 2020 Commerce Objective / Multiple Choice
Question 40 POST_UTME_REDEEMERS_UNIVERSITY • 2020 • COMMERCE • objective

A company has the following balance sheet: Assets = ₦100,000, Liabilities = ₦50,000, and Equity = ₦50,000. If the company issues 10,000 shares at ₦5 per share, what is the new equity?

Answer Options

A. ₦150,000
B. ₦200,000
Correct Answer C. ₦250,000
D. ₦300,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Redeemers University 2020 Commerce Question 40. It is one of the objective questions from the 2020 Post Utme Redeemers University Commerce examination.

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