Post Utme Aaua 2020 Accounting Question 26

Practice objective / multiple choice question 26 from the 2020 Post Utme Aaua Accounting examination.

Post Utme Aaua 2020 Accounting Objective / Multiple Choice
Question 26 POST_UTME_AAUA • 2020 • ACCOUNTING • objective

A company issued 10,000 shares of ₦ 1 each at a premium of ₦ 2 per share. The issue expenses were ₦ 20,000. Calculate the amount of share capital.

Answer Options

A. ₦ 120,000
Correct Answer B. ₦ 140,000
C. ₦ 160,000
D. ₦ 180,000
Correct Answer
B
Correct Option:
₦ 140,000

About This Question

This is Post Utme Aaua 2020 Accounting Question 26. It is one of the objective questions from the 2020 Post Utme Aaua Accounting examination.

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