Post Utme Christopher University 2022 Accounting Question 26

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

Post Utme Christopher University 2022 Accounting Objective / Multiple Choice
Question 26 POST_UTME_CHRISTOPHER_UNIVERSITY • 2022 • ACCOUNTING • objective

A company issued 10,000, 10% preference shares of ₦10 each at a premium of ₦5 per share. Calculate the total amount received from the issue of these shares.

Answer Options

A. ₦100,000
Correct Answer B. ₦200,000
C. ₦500,000
D. ₦1,000,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

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

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