Post Utme Caleb University 2024 Accounting Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2024 Accounting Objective / Multiple Choice
Question 32 POST_UTME_CALEB_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issues 10,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives a total of ₦150,000, what is the amount received from the issue of shares?

Answer Options

A. ₦100,000
B. ₦120,000
C. ₦140,000
Correct Answer D. ₦150,000
Correct Answer
D
Correct Option:
₦150,000

About This Question

This is Post Utme Caleb University 2024 Accounting Question 32. It is one of the objective questions from the 2024 Post Utme Caleb University Accounting examination.

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