Post Utme Ui 2020 Commerce Question 35

Practice objective / multiple choice question 35 from the 2020 Post Utme Ui Commerce examination.

Post Utme Ui 2020 Commerce Objective / Multiple Choice
Question 35 POST_UTME_UI • 2020 • COMMERCE • objective

A firm has the following balance sheet: Assets = ₦500,000; Liabilities = ₦200,000; Equity = ₦300,000. If the firm issues new shares worth ₦100,000, what is the new equity?

Answer Options

A. ₦400,000
B. ₦500,000
Correct Answer C. ₦600,000
D. ₦700,000
Correct Answer
C
Correct Option:
₦600,000

About This Question

This is Post Utme Ui 2020 Commerce Question 35. It is one of the objective questions from the 2020 Post Utme Ui Commerce examination.

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