Post Utme Veritas University 2019 Commerce Question 22

Practice objective / multiple choice question 22 from the 2019 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2019 Commerce Objective / Multiple Choice
Question 22 POST_UTME_VERITAS_UNIVERSITY • 2019 • 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 total amount of share capital raised?

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 Veritas University 2019 Commerce Question 22. It is one of the objective questions from the 2019 Post Utme Veritas University 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