Post Utme Al Hikmah University 2022 Accounting Question 34

Practice objective / multiple choice question 34 from the 2022 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2022 Accounting Objective / Multiple Choice
Question 34 POST_UTME_AL-HIKMAH_UNIVERSITY • 2022 • ACCOUNTING • objective

A company issued 10,000 shares of ₠ 10 each at a premium of ₠ 5 per share. If the company's expenses were ₠ 50,000, what was the total amount received from the issue of shares?

Answer Options

A. ₠ 150,000
Correct Answer B. ₠ 155,000
C. ₠ 160,000
D. ₠ 165,000
Correct Answer
B
Correct Option:
₠ 155,000

About This Question

This is Post Utme Al Hikmah University 2022 Accounting Question 34. It is one of the objective questions from the 2022 Post Utme Al Hikmah University Accounting examination.

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