Post Utme Unilag 2021 Commerce Question 36

Practice objective / multiple choice question 36 from the 2021 Post Utme Unilag Commerce examination.

Post Utme Unilag 2021 Commerce Objective / Multiple Choice
Question 36 POST_UTME_UNILAG • 2021 • 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 Unilag 2021 Commerce Question 36. It is one of the objective questions from the 2021 Post Utme Unilag Commerce examination.

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