Post Utme Uniosun 2019 Commerce Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Uniosun Commerce examination.

Post Utme Uniosun 2019 Commerce Objective / Multiple Choice
Question 35 POST_UTME_UNIOSUN • 2019 • COMMERCE • objective

A company has a share capital of ₦500,000, divided into 50,000 ordinary shares of ₦10 each. If the company issues 15,000 shares at a premium of ₦3 per share, what is the total amount received?

Answer Options

A. ₦150,000
B. ₦180,000
C. ₦210,000
Correct Answer D. ₦240,000
Correct Answer
D
Correct Option:
₦240,000

About This Question

This is Post Utme Uniosun 2019 Commerce Question 35. It is one of the objective questions from the 2019 Post Utme Uniosun Commerce examination.

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