Post Utme Summit University 2017 Commerce Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Summit University Commerce examination.

Post Utme Summit University 2017 Commerce Objective / Multiple Choice
Question 32 POST_UTME_SUMMIT_UNIVERSITY • 2017 • COMMERCE • objective

A company's articles of association may provide for a share capital of ₦1,000,000, divided into 100,000 ordinary shares of ₦10 each. Calculate the number of shares that can be issued to a new investor who pays ₦50,000.

Answer Options

A. 10,000 shares
Correct Answer B. 20,000 shares
C. 50,000 shares
D. 100,000 shares
Correct Answer
B
Correct Option:
20,000 shares

About This Question

This is Post Utme Summit University 2017 Commerce Question 32. It is one of the objective questions from the 2017 Post Utme Summit University Commerce examination.

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