Post Utme Abu 2024 Accounting Question 26

Practice objective / multiple choice question 26 from the 2024 Post Utme Abu Accounting examination.

Post Utme Abu 2024 Accounting Objective / Multiple Choice
Question 26 POST_UTME_ABU • 2024 • ACCOUNTING • objective

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

Answer Options

A. ₦50,000
Correct Answer B. ₦100,000
C. ₦200,000
D. ₦500,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Abu 2024 Accounting Question 26. It is one of the objective questions from the 2024 Post Utme Abu Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support