Post Utme Unilorin 2020 Commerce Question 32

Practice objective / multiple choice question 32 from the 2020 Post Utme Unilorin Commerce examination.

Post Utme Unilorin 2020 Commerce Objective / Multiple Choice
Question 32 POST_UTME_UNILORIN • 2020 • 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, what is the amount of share capital received?

Answer Options

A. ₦200,000
Correct Answer B. ₦400,000
C. ₦600,000
D. ₦800,000
Correct Answer
B
Correct Option:
₦400,000

About This Question

This is Post Utme Unilorin 2020 Commerce Question 32. It is one of the objective questions from the 2020 Post Utme Unilorin Commerce examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support