Post Utme Babcock University 2025 Accounting Question 11

Practice objective / multiple choice question 11 from the 2025 Post Utme Babcock University Accounting examination.

Post Utme Babcock University 2025 Accounting Objective / Multiple Choice
Question 11 POST_UTME_BABCOCK_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issued 5,000 shares of 10 par value at a premium of 5 per share. The shares were sold for 15 each. Calculate the total amount received from the sale of shares.

Answer Options

A. ₦75,000
B. ₦100,000
Correct Answer C. ₦125,000
D. ₦150,000
Correct Answer
C
Correct Option:
₦125,000

About This Question

This is Post Utme Babcock University 2025 Accounting Question 11. It is one of the objective questions from the 2025 Post Utme Babcock University Accounting examination.

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