Post Utme Coal City University 2018 Accounting Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2018 Accounting Objective / Multiple Choice
Question 16 POST_UTME_COAL_CITY_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issued 10,000 shares of ₦5 each at a premium of ₦2. The shares were subscribed for by the public in full. Calculate the amount received from the issue of shares.

Answer Options

A. ₦50,000
Correct Answer B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

This is Post Utme Coal City University 2018 Accounting Question 16. It is one of the objective questions from the 2018 Post Utme Coal City University Accounting examination.

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