Post Utme Bsu 2017 Accounting Question 9

Practice objective / multiple choice question 9 from the 2017 Post Utme Bsu Accounting examination.

Post Utme Bsu 2017 Accounting Objective / Multiple Choice
Question 9 POST_UTME_BSU • 2017 • ACCOUNTING • objective

A company issues 5,000, 10% preference shares of ₦50 each at a premium of ₦10 per share. Calculate the amount received from the issue of preference shares.

Answer Options

A. ₦250,000
B. ₦275,000
Correct Answer C. ₦300,000
D. ₦325,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Bsu 2017 Accounting Question 9. It is one of the objective questions from the 2017 Post Utme Bsu Accounting examination.

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