Post Utme Abu 2024 Accounting Question 30

Practice objective / multiple choice question 30 from the 2024 Post Utme Abu Accounting examination.

Post Utme Abu 2024 Accounting Objective / Multiple Choice
Question 30 POST_UTME_ABU • 2024 • ACCOUNTING • objective

A company has a capital of ₦2,000,000, divided into 400,000 shares of ₦5 each. If the company issues 40,000 shares at a premium of ₦2, what is the amount received from the issue of shares?

Answer Options

A. ₦80,000
B. ₦160,000
Correct Answer C. ₦240,000
D. ₦320,000
Correct Answer
C
Correct Option:
₦240,000

About This Question

This is Post Utme Abu 2024 Accounting Question 30. It is one of the objective questions from the 2024 Post Utme Abu Accounting examination.

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