Post Utme Abu 2018 Accounting Question 14

Practice objective / multiple choice question 14 from the 2018 Post Utme Abu Accounting examination.

Post Utme Abu 2018 Accounting Objective / Multiple Choice
Question 14 POST_UTME_ABU • 2018 • ACCOUNTING • objective

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

Answer Options

A. ₦25,000
B. ₦50,000
C. ₦75,000
Correct Answer D. ₦100,000
Correct Answer
D
Correct Option:
₦100,000

About This Question

This is Post Utme Abu 2018 Accounting Question 14. It is one of the objective questions from the 2018 Post Utme Abu Accounting examination.

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