Post Utme Redeemers University 2025 Accounting Question 10

Practice objective / multiple choice question 10 from the 2025 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2025 Accounting Objective / Multiple Choice
Question 10 POST_UTME_REDEEMERS_UNIVERSITY • 2025 • ACCOUNTING • objective

A company's balance sheet as at December 31, 2024, is as follows: Assets ₦200,000, Liabilities ₦100,000, Equity ₦100,000. If the company issues 10,000 shares of ₦10 each at a premium of ₦5 per share, what is the new equity?

Answer Options

A. ₦150,000
B. ₦160,000
C. ₦170,000
Correct Answer D. ₦180,000
Correct Answer
D
Correct Option:
₦180,000

About This Question

This is Post Utme Redeemers University 2025 Accounting Question 10. It is one of the objective questions from the 2025 Post Utme Redeemers University Accounting examination.

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