Post Utme Bowen University 2025 Accounting Question 19

Practice objective / multiple choice question 19 from the 2025 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2025 Accounting Objective / Multiple Choice
Question 19 POST_UTME_BOWEN_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issues 10,000 shares of ₦5 each at a premium of ₦2 per share. If the company receives a cash payment of ₦50,000, what is the amount received from the sale of shares?

Answer Options

A. ₦50,000
B. ₦60,000
C. ₦70,000
Correct Answer D. ₦80,000
Correct Answer
D
Correct Option:
₦80,000

About This Question

This is Post Utme Bowen University 2025 Accounting Question 19. It is one of the objective questions from the 2025 Post Utme Bowen University Accounting examination.

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