Post Utme Al Hikmah University 2020 Accounting Question 17

Practice objective / multiple choice question 17 from the 2020 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2020 Accounting Objective / Multiple Choice
Question 17 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. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦12,500
Correct Answer B. ₦13,000
C. ₦13,500
D. ₦14,000
Correct Answer
B
Correct Option:
₦13,000

About This Question

This is Post Utme Al Hikmah University 2020 Accounting Question 17. It is one of the objective questions from the 2020 Post Utme Al Hikmah University Accounting examination.

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