Post Utme Al Hikmah University 2020 Accounting Question 16

Practice objective / multiple choice question 16 from the 2020 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2020 Accounting Objective / Multiple Choice
Question 16 POST_UTME_AL-HIKMAH_UNIVERSITY • 2020 • ACCOUNTING • objective

A company issued 10,000 shares of £ 1 each at a premium of £ 0.50 per share. The shares were subscribed for by the public in full. Calculate the amount received from the issue of shares.

Answer Options

A. £ 10,000
B. £ 50,000
Correct Answer C. £ 60,000
D. £ 70,000
Correct Answer
C
Correct Option:
£ 60,000

About This Question

This is Post Utme Al Hikmah University 2020 Accounting Question 16. It is one of the objective questions from the 2020 Post Utme Al Hikmah University Accounting examination.

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