Utme 2024 Commerce Question 18

Practice objective / multiple choice question 18 from the 2024 Utme Commerce examination. This question covers Finance .

Utme 2024 Commerce Objective / Multiple Choice

Topic: Finance

Question 18 UTME • 2024 • COMMERCE • objective

INSTRUCTION

                            Use the information below to answer questions 17 and 18. Maimani Plc, whose nominal capital is made up of 5,000,000 ordinary shares of 50k each, decided to offer 80% of it to the public and realized only 50% of the amount due.

                        

Determine the company's reserve share capital.

Answer Options

A. ₦2,000,000

Correct Answer B. ₦2,500,000

C. ₦1,500,000

D. ₦1,000,000

Correct Answer

Correct Option:

₦2,500,000

About This Question

This is Utme 2024 Commerce Question 18. It is one of the objective questions from the 2024 Utme Commerce examination.

The question covers Finance .

View More Utme 2024 Commerce Questions More Utme Practice Questions Back to Questions

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