Post Utme Coal City University 2021 Accounting Question 33

Practice objective / multiple choice question 33 from the 2021 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2021 Accounting Objective / Multiple Choice
Question 33 POST_UTME_COAL_CITY_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issued 5,000 shares at ₦20 per share. The company also purchased a machine for ₦100,000 cash. What is the total amount received from the issue of shares?

Answer Options

A. ₦100,000
B. ₦120,000
Correct Answer C. ₦150,000
D. ₦180,000
Correct Answer
C
Correct Option:
₦150,000

About This Question

This is Post Utme Coal City University 2021 Accounting Question 33. It is one of the objective questions from the 2021 Post Utme Coal City University Accounting examination.

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