Post Utme Al Hikmah University 2023 Accounting Question 12

Practice objective / multiple choice question 12 from the 2023 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2023 Accounting Objective / Multiple Choice
Question 12 POST_UTME_AL-HIKMAH_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issued 10,000 shares of ₦ 1 each at a premium of ₦ 2 per share. The issue expenses were ₦ 50,000. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦ 210,000
B. ₦ 220,000
C. ₦ 230,000
Correct Answer D. ₦ 240,000
Correct Answer
D
Correct Option:
₦ 240,000

About This Question

This is Post Utme Al Hikmah University 2023 Accounting Question 12. It is one of the objective questions from the 2023 Post Utme Al Hikmah University Accounting examination.

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