Post Utme Rhema University 2021 Accounting Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2021 Accounting Objective / Multiple Choice

Question 29 POST_UTME_RHEMA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issues 10,000 shares of ₡0 par value at ₡5 per share. What is the total amount of cash received?

Answer Options

Correct Answer A. ₡50,000

B. ₡60,000

C. ₡70,000

D. ₡80,000

Correct Answer

Correct Option:

₡50,000

About This Question

This is Post Utme Rhema University 2021 Accounting Question 29. It is one of the objective questions from the 2021 Post Utme Rhema University Accounting examination.

View More Post Utme Rhema University 2021 Accounting Questions More Post Utme Rhema University Practice Questions Back to Questions

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