Post Utme Unilag 2019 Commerce Question 37

Practice objective / multiple choice question 37 from the 2019 Post Utme Unilag Commerce examination.

Post Utme Unilag 2019 Commerce Objective / Multiple Choice
Question 37 POST_UTME_UNILAG • 2019 • COMMERCE • objective

A company has a capital of ₦10,000,000 divided into 10,000 shares of ₦1 each. If the company issues 5,000 shares at a premium of ₦2 per share, what is the total amount received from the issue of shares?

Answer Options

Correct Answer A. ₦12,000,000
B. ₦10,000,000
C. ₦8,000,000
D. ₦6,000,000
Correct Answer
A
Correct Option:
₦12,000,000

About This Question

This is Post Utme Unilag 2019 Commerce Question 37. It is one of the objective questions from the 2019 Post Utme Unilag Commerce examination.

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