Post Utme Bowen University 2023 Accounting Question 34

Practice objective / multiple choice question 34 from the 2023 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2023 Accounting Objective / Multiple Choice
Question 34 POST_UTME_BOWEN_UNIVERSITY • 2023 • ACCOUNTING • objective

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

Answer Options

A. ₦50,000
B. ₦52,000
Correct Answer C. ₦55,000
D. ₦57,000
Correct Answer
C
Correct Option:
₦55,000

About This Question

This is Post Utme Bowen University 2023 Accounting Question 34. It is one of the objective questions from the 2023 Post Utme Bowen University Accounting examination.

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