Post Utme Abu 2018 Accounting Question 40

Practice objective / multiple choice question 40 from the 2018 Post Utme Abu Accounting examination.

Post Utme Abu 2018 Accounting Objective / Multiple Choice
Question 40 POST_UTME_ABU • 2018 • ACCOUNTING • objective

A company issued 10,000 shares of ₦10 each at a premium of ₦3. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦130,000
B. ₦150,000
Correct Answer C. ₦170,000
D. ₦200,000
Correct Answer
C
Correct Option:
₦170,000

About This Question

This is Post Utme Abu 2018 Accounting Question 40. It is one of the objective questions from the 2018 Post Utme Abu Accounting examination.

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