Post Utme Bsu 2018 Accounting Question 12

Practice objective / multiple choice question 12 from the 2018 Post Utme Bsu Accounting examination.

Post Utme Bsu 2018 Accounting Objective / Multiple Choice
Question 12 POST_UTME_BSU • 2018 • ACCOUNTING • objective

A company issues 10,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives a total of ₦250,000, what is the amount received from the issue of shares?

Answer Options

A. ₦200,000
Correct Answer B. ₦220,000
C. ₦240,000
D. ₦260,000
Correct Answer
B
Correct Option:
₦220,000

About This Question

This is Post Utme Bsu 2018 Accounting Question 12. It is one of the objective questions from the 2018 Post Utme Bsu Accounting examination.

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