Post Utme Achievers University 2022 Accounting Question 16

Practice objective / multiple choice question 16 from the 2022 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2022 Accounting Objective / Multiple Choice
Question 16 POST_UTME_ACHIEVERS_UNIVERSITY • 2022 • ACCOUNTING • objective

A company issued 10,000 shares of 1 par value at a premium of 3 per share. If the company received a total of 35,000 from the sale of these shares, what is the total amount of paid-in capital?

Answer Options

A. ₦35,000
Correct Answer B. ₦32,000
C. ₦30,000
D. ₦28,000
Correct Answer
B
Correct Option:
₦32,000

About This Question

This is Post Utme Achievers University 2022 Accounting Question 16. It is one of the objective questions from the 2022 Post Utme Achievers University Accounting examination.

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