Post Utme Al Hikmah University 2022 Accounting Question 14

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

Post Utme Al Hikmah University 2022 Accounting Objective / Multiple Choice
Question 14 POST_UTME_AL-HIKMAH_UNIVERSITY • 2022 • ACCOUNTING • objective

A company issues 1,000 shares of \pm 10 par value at a premium of \pm 5 per share. What is the total amount received from the sale of these shares?

Answer Options

A. \pm 10,000
B. \pm 15,000
C. \pm 20,000
Correct Answer D. \pm 25,000
Correct Answer
D
Correct Option:
\pm 25,000

About This Question

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

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