Post Utme Caleb University 2018 Accounting Question 14

Practice objective / multiple choice question 14 from the 2018 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2018 Accounting Objective / Multiple Choice
Question 14 POST_UTME_CALEB_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issued 10,000 shares of ₦10 each at a premium of ₦5 per share. Calculate the total amount received from the share issue.

Answer Options

A. ₦105,000
B. ₦110,000
Correct Answer C. ₦105,000
D. ₦110,000
Correct Answer
C
Correct Option:
₦105,000

About This Question

This is Post Utme Caleb University 2018 Accounting Question 14. It is one of the objective questions from the 2018 Post Utme Caleb University Accounting examination.

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