Post Utme Al Hikmah University 2020 Accounting Question 31

Practice objective / multiple choice question 31 from the 2020 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2020 Accounting Objective / Multiple Choice
Question 31 POST_UTME_AL-HIKMAH_UNIVERSITY • 2020 • ACCOUNTING • objective

A company issued 10,000 shares of 1 par value at a premium of 3 per share. If the company received a total of 35,000, what is the total amount of the premium received?

Answer Options

Correct Answer A. ₦30,000
B. ₦35,000
C. ₦40,000
D. ₦45,000
Correct Answer
A
Correct Option:
₦30,000

About This Question

This is Post Utme Al Hikmah University 2020 Accounting Question 31. It is one of the objective questions from the 2020 Post Utme Al Hikmah University Accounting examination.

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