Post Utme Coal City University 2022 Accounting Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2022 Accounting Objective / Multiple Choice
Question 19 POST_UTME_COAL_CITY_UNIVERSITY • 2022 • ACCOUNTING • objective

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

Answer Options

A. ₦100,000
B. ₦110,000
Correct Answer C. ₦120,000
D. ₦130,000
Correct Answer
C
Correct Option:
₦120,000

About This Question

This is Post Utme Coal City University 2022 Accounting Question 19. It is one of the objective questions from the 2022 Post Utme Coal City University Accounting examination.

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