Post Utme Christopher University 2025 Accounting Question 34

Practice objective / multiple choice question 34 from the 2025 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2025 Accounting Objective / Multiple Choice
Question 34 POST_UTME_CHRISTOPHER_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issues 5,000 10% preference shares of ₦10 each at a premium of ₦2. Calculate the amount received from the shareholders.

Answer Options

A. ₦50,000
B. ₦55,000
Correct Answer C. ₦60,000
D. ₦65,000
Correct Answer
C
Correct Option:
₦60,000

About This Question

This is Post Utme Christopher University 2025 Accounting Question 34. It is one of the objective questions from the 2025 Post Utme Christopher University Accounting examination.

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