Post Utme Coal City University 2023 Accounting Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2023 Accounting Objective / Multiple Choice
Question 14 POST_UTME_COAL_CITY_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issues 5,000, 10% preference shares of ₦50 each at a premium of ₦5 per share. Calculate the amount received from shareholders.

Answer Options

A. ₦250,000
B. ₦275,000
Correct Answer C. ₦300,000
D. ₦325,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Coal City University 2023 Accounting Question 14. It is one of the objective questions from the 2023 Post Utme Coal City University Accounting examination.

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