Post Utme Caleb University 2021 Accounting Question 27

Practice objective / multiple choice question 27 from the 2021 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2021 Accounting Objective / Multiple Choice
Question 27 POST_UTME_CALEB_UNIVERSITY • 2021 • ACCOUNTING • objective

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

Answer Options

A. ₦500,000
B. ₦1,000,000
Correct Answer C. ₦1,500,000
D. ₦2,000,000
Correct Answer
C
Correct Option:
₦1,500,000

About This Question

This is Post Utme Caleb University 2021 Accounting Question 27. It is one of the objective questions from the 2021 Post Utme Caleb University Accounting examination.

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