Post Utme Al Hikmah University 2017 Accounting Question 26

Practice objective / multiple choice question 26 from the 2017 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2017 Accounting Objective / Multiple Choice
Question 26 POST_UTME_AL-HIKMAH_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issues 10,000 shares of ₦5 each at a premium of ₦2 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦50,000
Correct Answer B. ₦100,000
C. ₦200,000
D. ₦500,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Al Hikmah University 2017 Accounting Question 26. It is one of the objective questions from the 2017 Post Utme Al Hikmah University Accounting examination.

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