Post Utme Achievers University 2023 Accounting Question 24

Practice objective / multiple choice question 24 from the 2023 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2023 Accounting Objective / Multiple Choice
Question 24 POST_UTME_ACHIEVERS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issued 10,000, 5% shares of ₦10 each at a premium of ₦2. The shares are redeemable at the end of 3 years. Calculate the amount of premium on the shares.

Answer Options

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

About This Question

This is Post Utme Achievers University 2023 Accounting Question 24. It is one of the objective questions from the 2023 Post Utme Achievers University Accounting examination.

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