Post Utme Rhema University 2020 Commerce Question 37

Practice objective / multiple choice question 37 from the 2020 Post Utme Rhema University Commerce examination.

Post Utme Rhema University 2020 Commerce Objective / Multiple Choice
Question 37 POST_UTME_RHEMA_UNIVERSITY • 2020 • COMMERCE • objective

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

Answer Options

A. ₦2,000,000
Correct Answer B. ₦4,000,000
C. ₦6,000,000
D. ₦8,000,000
Correct Answer
B
Correct Option:
₦4,000,000

About This Question

This is Post Utme Rhema University 2020 Commerce Question 37. It is one of the objective questions from the 2020 Post Utme Rhema University Commerce examination.

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