Post Utme Achievers University 2019 Accounting Question 25

Practice objective / multiple choice question 25 from the 2019 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2019 Accounting Objective / Multiple Choice
Question 25 POST_UTME_ACHIEVERS_UNIVERSITY • 2019 • ACCOUNTING • objective

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

Answer Options

A. ₦100,000
Correct Answer B. ₦110,000
C. ₦120,000
D. ₦130,000
Correct Answer
B
Correct Option:
₦110,000

About This Question

This is Post Utme Achievers University 2019 Accounting Question 25. It is one of the objective questions from the 2019 Post Utme Achievers University Accounting examination.

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