Post Utme Wellspring University 2022 Accounting Question 18

Practice objective / multiple choice question 18 from the 2022 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2022 Accounting Objective / Multiple Choice
Question 18 POST_UTME_WELLSPRING_UNIVERSITY • 2022 • ACCOUNTING • objective

A company issues 1,000 shares of stock at ₦10 per share. What is the total amount of cash received from the sale of these shares?

Answer Options

A. ₦10,000
Correct Answer B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Wellspring University 2022 Accounting Question 18. It is one of the objective questions from the 2022 Post Utme Wellspring University Accounting examination.

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