Post Utme Caleb University 2018 Accounting Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2018 Accounting Objective / Multiple Choice
Question 20 POST_UTME_CALEB_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issued 10,000 shares of 1 par value at a premium of 2 per share. If the company received a total of 20,000 from the sale of these shares, what is the total amount of the premium received?

Answer Options

A. 10,000
Correct Answer B. 12,000
C. 14,000
D. 16,000
Correct Answer
B
Correct Option:
12,000

About This Question

This is Post Utme Caleb University 2018 Accounting Question 20. It is one of the objective questions from the 2018 Post Utme Caleb University Accounting examination.

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