Post Utme Summit University 2021 Accounting Question 37

Practice objective / multiple choice question 37 from the 2021 Post Utme Summit University Accounting examination.

Post Utme Summit University 2021 Accounting Objective / Multiple Choice
Question 37 POST_UTME_SUMMIT_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has a capital of ₦1,000,000 divided into 10,000 shares of ₦100 each. The company issues 20% bonus shares. Calculate the number of shares held by each shareholder after the bonus issue.

Answer Options

A. 10,000
Correct Answer B. 12,000
C. 10,000
D. 12,000
Correct Answer
B
Correct Option:
12,000

About This Question

This is Post Utme Summit University 2021 Accounting Question 37. It is one of the objective questions from the 2021 Post Utme Summit University Accounting examination.

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