Post Utme Christopher University 2019 Accounting Question 38

Practice objective / multiple choice question 38 from the 2019 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2019 Accounting Objective / Multiple Choice
Question 38 POST_UTME_CHRISTOPHER_UNIVERSITY • 2019 • ACCOUNTING • objective

A company issued 10,000, 10% shares of ₦10 each at a premium of ₦5. The shares are redeemable at the end of 5 years. Calculate the amount of premium on the 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 Christopher University 2019 Accounting Question 38. It is one of the objective questions from the 2019 Post Utme Christopher University Accounting examination.

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