Post Utme Al Hikmah University 2025 Accounting Question 21

Practice objective / multiple choice question 21 from the 2025 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2025 Accounting Objective / Multiple Choice
Question 21 POST_UTME_AL-HIKMAH_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issues 10,000 shares of ₦1 each at a premium of ₦0.50 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦0,500
B. ₦1,000
Correct Answer C. ₦1,050
D. ₦1,500
Correct Answer
C
Correct Option:
₦1,050

About This Question

This is Post Utme Al Hikmah University 2025 Accounting Question 21. It is one of the objective questions from the 2025 Post Utme Al Hikmah University Accounting examination.

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