Post Utme Summit University 2022 Commerce Question 32

Practice objective / multiple choice question 32 from the 2022 Post Utme Summit University Commerce examination.

Post Utme Summit University 2022 Commerce Objective / Multiple Choice
Question 32 POST_UTME_SUMMIT_UNIVERSITY • 2022 • COMMERCE • objective

A company has a share capital of ₦1,000,000, divided into 100,000 ordinary shares of ₦10 each. If the company issues 20,000 shares to the public at a premium of ₦5 per share, what is the total amount received from the public?

Answer Options

A. ₦200,000
Correct Answer B. ₦250,000
C. ₦300,000
D. ₦350,000
Correct Answer
B
Correct Option:
₦250,000

About This Question

This is Post Utme Summit University 2022 Commerce Question 32. It is one of the objective questions from the 2022 Post Utme Summit University Commerce examination.

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