Post Utme Abu 2019 Accounting Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Abu Accounting examination.

Post Utme Abu 2019 Accounting Objective / Multiple Choice
Question 18 POST_UTME_ABU • 2019 • ACCOUNTING • objective

A company issued 10,000 shares of 1 par value at a premium of 3 per share. The shares were sold for 5 each. Calculate the total amount received from the sale of these shares.

Answer Options

A. ₦30,000,000
B. ₦40,000,000
C. ₦50,000,000
Correct Answer D. ₦60,000,000
Correct Answer
D
Correct Option:
₦60,000,000

About This Question

This is Post Utme Abu 2019 Accounting Question 18. It is one of the objective questions from the 2019 Post Utme Abu Accounting examination.

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