Post Utme Bells University 2020 Accounting Question 32

Practice objective / multiple choice question 32 from the 2020 Post Utme Bells University Accounting examination.

Post Utme Bells University 2020 Accounting Objective / Multiple Choice
Question 32 POST_UTME_BELLS_UNIVERSITY • 2020 • ACCOUNTING • objective

A company issued 10,000, 5% preference shares of ₦10 each at a premium of ₦2 per share. Calculate the amount received from preference shareholders.

Answer Options

A. ₦200,000
B. ₦210,000
Correct Answer C. ₦220,000
D. ₦230,000
Correct Answer
C
Correct Option:
₦220,000

About This Question

This is Post Utme Bells University 2020 Accounting Question 32. It is one of the objective questions from the 2020 Post Utme Bells University Accounting examination.

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