Post Utme Abu 2024 Accounting Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Abu Accounting examination.

Post Utme Abu 2024 Accounting Objective / Multiple Choice
Question 28 POST_UTME_ABU • 2024 • ACCOUNTING • objective

A company has a capital of ₦500,000, divided into 100,000 shares of ₦5 each. If the company issues 10,000 shares at a premium of ₦2, what is the amount received from the issue of shares?

Answer Options

A. ₦20,000
B. ₦40,000
Correct Answer C. ₦60,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦60,000

About This Question

This is Post Utme Abu 2024 Accounting Question 28. It is one of the objective questions from the 2024 Post Utme Abu Accounting examination.

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