Post Utme Bsu 2021 Accounting Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Bsu Accounting examination.

Post Utme Bsu 2021 Accounting Objective / Multiple Choice
Question 9 POST_UTME_BSU • 2021 • ACCOUNTING • objective

A company issued 10,000 shares of 1 par value at a premium of 3 per share. If the shares were sold for 5 each, what is the total amount received from the sale of shares?

Answer Options

A. ₦30,000,000
B. ₦40,000,000
Correct Answer C. ₦50,000,000
D. ₦60,000,000
Correct Answer
C
Correct Option:
₦50,000,000

About This Question

This is Post Utme Bsu 2021 Accounting Question 9. It is one of the objective questions from the 2021 Post Utme Bsu Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support