Post Utme Bells University 2017 Accounting Question 19

Practice objective / multiple choice question 19 from the 2017 Post Utme Bells University Accounting examination.

Post Utme Bells University 2017 Accounting Objective / Multiple Choice
Question 19 POST_UTME_BELLS_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issued 10,000, 10% shares of ₦10 each at a premium of ₦5 per share. Calculate the amount received from shareholders.

Answer Options

A. ₦105,000
B. ₦110,000
Correct Answer C. ₦115,000
D. ₦120,000
Correct Answer
C
Correct Option:
₦115,000

About This Question

This is Post Utme Bells University 2017 Accounting Question 19. It is one of the objective questions from the 2017 Post Utme Bells University Accounting examination.

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