Post Utme Coal City University 2017 Accounting Question 13

Practice objective / multiple choice question 13 from the 2017 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2017 Accounting Objective / Multiple Choice
Question 13 POST_UTME_COAL_CITY_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issued 10,000 shares of ₦1 each at a premium of 50% and 5,000 shares of ₦5 each at a discount of 10%. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦150,000
B. ₦200,000
Correct Answer C. ₦250,000
D. ₦300,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Coal City University 2017 Accounting Question 13. It is one of the objective questions from the 2017 Post Utme Coal City University Accounting examination.

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