Post Utme Afe Babalola University 2022 Accounting Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2022 Accounting Objective / Multiple Choice
Question 14 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2022 • ACCOUNTING • objective

A company issues 5,000, 10% preference shares of ₦10 each at a premium of 20%. Calculate the amount received from shareholders.

Answer Options

A. ₦50,000
Correct Answer B. ₦52,500
C. ₦55,000
D. ₦57,500
Correct Answer
B
Correct Option:
₦52,500

About This Question

This is Post Utme Afe Babalola University 2022 Accounting Question 14. It is one of the objective questions from the 2022 Post Utme Afe Babalola University Accounting examination.

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