Post Utme Ui 2024 Commerce Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Ui Commerce examination.

Post Utme Ui 2024 Commerce Objective / Multiple Choice
Question 32 POST_UTME_UI • 2024 • 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. ₦100,000
B. ₦200,000
Correct Answer C. ₦250,000
D. ₦300,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Ui 2024 Commerce Question 32. It is one of the objective questions from the 2024 Post Utme Ui Commerce examination.

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