Post Utme Caleb University 2025 Accounting Question 16

Practice objective / multiple choice question 16 from the 2025 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2025 Accounting Objective / Multiple Choice
Question 16 POST_UTME_CALEB_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issues 10,000 shares of ₦5 each at a premium of ₦2 per share. The issue expenses amount to ₦20,000. Calculate the amount received from the issue of shares.

Answer Options

A. ₦100,000
Correct Answer B. ₦120,000
C. ₦140,000
D. ₦160,000
Correct Answer
B
Correct Option:
₦120,000

About This Question

This is Post Utme Caleb University 2025 Accounting Question 16. It is one of the objective questions from the 2025 Post Utme Caleb University Accounting examination.

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