Post Utme Abu 2020 Accounting Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Abu Accounting examination.

Post Utme Abu 2020 Accounting Objective / Multiple Choice
Question 17 POST_UTME_ABU • 2020 • ACCOUNTING • objective

A company issued 10,000 shares of ₦5 each at a premium of ₦2 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦50,000
B. ₦60,000
Correct Answer C. ₦70,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦70,000

About This Question

This is Post Utme Abu 2020 Accounting Question 17. It is one of the objective questions from the 2020 Post Utme Abu Accounting examination.

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