Post Utme Caleb University 2021 Accounting Question 16

Practice objective / multiple choice question 16 from the 2021 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2021 Accounting Objective / Multiple Choice
Question 16 POST_UTME_CALEB_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issues 10,000 shares of ₦5 each at a premium of ₦2. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦50,000
Correct Answer B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

This is Post Utme Caleb University 2021 Accounting Question 16. It is one of the objective questions from the 2021 Post Utme Caleb University Accounting examination.

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