Post Utme Afe Babalola University 2020 Accounting Question 23

Practice objective / multiple choice question 23 from the 2020 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2020 Accounting Objective / Multiple Choice
Question 23 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company issues 10,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives a total of ₦150,000, what is the amount received from the issue of shares?

Answer Options

A. ₦100,000
Correct Answer B. ₦150,000
C. ₦120,000
D. ₦180,000
Correct Answer
B
Correct Option:
₦150,000

About This Question

This is Post Utme Afe Babalola University 2020 Accounting Question 23. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Accounting examination.

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