Post Utme Uniport 2024 Commerce Question 37

Practice objective / multiple choice question 37 from the 2024 Post Utme Uniport Commerce examination.

Post Utme Uniport 2024 Commerce Objective / Multiple Choice
Question 37 POST_UTME_UNIPORT • 2024 • COMMERCE • objective

A company has a capital of ₦10,000,000 divided into 100,000 shares of ₦100 each. If the company issues 80,000 shares at a premium of ₦20 per share, what is the amount received from the issue of shares?

Answer Options

A. ₦8,000,000
B. ₦9,600,000
C. ₦10,000,000
Correct Answer D. ₦11,200,000
Correct Answer
D
Correct Option:
₦11,200,000

About This Question

This is Post Utme Uniport 2024 Commerce Question 37. It is one of the objective questions from the 2024 Post Utme Uniport Commerce examination.

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