Post Utme Aaua 2025 Accounting Question 24

Practice objective / multiple choice question 24 from the 2025 Post Utme Aaua Accounting examination.

Post Utme Aaua 2025 Accounting Objective / Multiple Choice
Question 24 POST_UTME_AAUA • 2025 • ACCOUNTING • objective

A company issued 5,000, 12% shares of ₦10 each at a premium of ₦2. The shares are redeemable after 10 years. Calculate the amount of premium on the shares.

Answer Options

A. ₦50,000
Correct Answer B. ₦100,000
C. ₦150,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Aaua 2025 Accounting Question 24. It is one of the objective questions from the 2025 Post Utme Aaua Accounting examination.

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