Post Utme Covenant University 2017 Accounting Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2017 Accounting Objective / Multiple Choice
Question 10 POST_UTME_COVENANT_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issued 10,000, 10% preference shares of ₦10 each at a premium of ₦5 per share. Calculate the total amount received from the issue of these shares.

Answer Options

A. ₦100,000
Correct Answer B. ₦150,000
C. ₦200,000
D. ₦250,000
Correct Answer
B
Correct Option:
₦150,000

About This Question

This is Post Utme Covenant University 2017 Accounting Question 10. It is one of the objective questions from the 2017 Post Utme Covenant University Accounting examination.

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