Post Utme Bsu 2020 Accounting Question 19

Practice objective / multiple choice question 19 from the 2020 Post Utme Bsu Accounting examination.

Post Utme Bsu 2020 Accounting Objective / Multiple Choice
Question 19 POST_UTME_BSU • 2020 • ACCOUNTING • objective

A company has a capital of ₦1,000,000 and a reserve of ₦200,000. If it issues 10,000 shares of ₦10 each at a premium of ₦5 per share, calculate the amount received from the issue of shares.

Answer Options

A. ₦150,000
B. ₦175,000
C. ₦200,000
Correct Answer D. ₦225,000
Correct Answer
D
Correct Option:
₦225,000

About This Question

This is Post Utme Bsu 2020 Accounting Question 19. It is one of the objective questions from the 2020 Post Utme Bsu Accounting examination.

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