Post Utme Al Hikmah University 2022 Accounting Question 30

Practice objective / multiple choice question 30 from the 2022 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2022 Accounting Objective / Multiple Choice
Question 30 POST_UTME_AL-HIKMAH_UNIVERSITY • 2022 • ACCOUNTING • objective

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

Answer Options

A. ₠ 50,000
Correct Answer B. ₠ 52,500
C. ₠ 55,000
D. ₠ 57,500
Correct Answer
B
Correct Option:
₠ 52,500

About This Question

This is Post Utme Al Hikmah University 2022 Accounting Question 30. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Accounting examination.

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