Post Utme Veritas University 2019 Commerce Question 7

Practice objective / multiple choice question 7 from the 2019 Post Utme Veritas University Commerce examination.

Post Utme Veritas University 2019 Commerce Objective / Multiple Choice
Question 7 POST_UTME_VERITAS_UNIVERSITY • 2019 • COMMERCE • objective

A company X has a paid-up capital of ₦5,000,000. The company issues 10,000 ordinary shares of ₦500 each. What is the company's capital structure?

Answer Options

A. ₦5,000,000 in equity and ₦0 in debt
B. ₦5,000,000 in debt and ₦0 in equity
Correct Answer C. ₦5,000,000 in equity and ₦0 in debt
D. ₦5,000,000 in debt and ₦0 in equity
Correct Answer
C
Correct Option:
₦5,000,000 in equity and ₦0 in debt

About This Question

This is Post Utme Veritas University 2019 Commerce Question 7. It is one of the objective questions from the 2019 Post Utme Veritas University Commerce examination.

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