Post Utme Covenant University 2022 Accounting Question 21

Practice objective / multiple choice question 21 from the 2022 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2022 Accounting Objective / Multiple Choice
Question 21 POST_UTME_COVENANT_UNIVERSITY • 2022 • ACCOUNTING • objective

A company issued 5,000 shares of 10 par value at a premium of 5 per share. The total amount received from the issue of shares is 250,000. Calculate the amount of premium received.

Answer Options

A. ₦125,000
Correct Answer B. ₦150,000
C. ₦175,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦150,000

About This Question

This is Post Utme Covenant University 2022 Accounting Question 21. It is one of the objective questions from the 2022 Post Utme Covenant University Accounting examination.

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