Post Utme Christopher University 2018 Accounting Question 38

Practice objective / multiple choice question 38 from the 2018 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2018 Accounting Objective / Multiple Choice
Question 38 POST_UTME_CHRISTOPHER_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issued 5,000 shares of ₦10 each at a premium of ₦2 per share. If the issue expenses were ₦5,000, what is the total amount received from the issue of shares?

Answer Options

A. ₦52,000
B. ₦52,500
Correct Answer C. ₦53,000
D. ₦53,500
Correct Answer
C
Correct Option:
₦53,000

About This Question

This is Post Utme Christopher University 2018 Accounting Question 38. It is one of the objective questions from the 2018 Post Utme Christopher University Accounting examination.

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