Post Utme Summit University 2024 Accounting Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Summit University Accounting examination.

Post Utme Summit University 2024 Accounting Objective / Multiple Choice
Question 15 POST_UTME_SUMMIT_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issues 1,000 shares of common stock at 10 per share. What is the total amount of cash received?

Answer Options

A. ₦10,000
B. ₦20,000
Correct Answer C. ₦30,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Summit University 2024 Accounting Question 15. It is one of the objective questions from the 2024 Post Utme Summit University Accounting examination.

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