Post Utme Wellspring University 2025 Accounting Question 28

Practice objective / multiple choice question 28 from the 2025 Post Utme Wellspring University Accounting examination.

Post Utme Wellspring University 2025 Accounting Objective / Multiple Choice
Question 28 POST_UTME_WELLSPRING_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issues 1,000 shares of its common stock at a price of ₦10 per share. The company also issues 500 shares of its preferred stock at a price of ₦20 per share. What is the total amount of cash received from the issuance of these shares?

Answer Options

A. ₦15,000
B. ₦20,000
Correct Answer C. ₦25,000
D. ₦30,000
Correct Answer
C
Correct Option:
₦25,000

About This Question

This is Post Utme Wellspring University 2025 Accounting Question 28. It is one of the objective questions from the 2025 Post Utme Wellspring University Accounting examination.

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