Post Utme Caleb University 2022 Accounting Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2022 Accounting Objective / Multiple Choice
Question 26 POST_UTME_CALEB_UNIVERSITY • 2022 • ACCOUNTING • objective

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

Answer Options

A. ₦50,000
B. ₦100,000
Correct Answer C. ₦120,000
D. ₦200,000
Correct Answer
C
Correct Option:
₦120,000

About This Question

This is Post Utme Caleb University 2022 Accounting Question 26. It is one of the objective questions from the 2022 Post Utme Caleb University Accounting examination.

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