Post Utme Coal City University 2025 Accounting Question 31

Practice objective / multiple choice question 31 from the 2025 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2025 Accounting Objective / Multiple Choice
Question 31 POST_UTME_COAL_CITY_UNIVERSITY • 2025 • ACCOUNTING • objective

A company has the following transactions: Issued 10,000 shares of ₦10 each at a premium of ₦5 per share; Issued 5,000 shares of ₦20 each at a premium of ₦2 per share. Calculate the total amount received from share issues.

Answer Options

A. ₦250,000
B. ₦300,000
Correct Answer C. ₦350,000
D. ₦400,000
Correct Answer
C
Correct Option:
₦350,000

About This Question

This is Post Utme Coal City University 2025 Accounting Question 31. It is one of the objective questions from the 2025 Post Utme Coal City University Accounting examination.

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