Post Utme Covenant University 2025 Accounting Question 31

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

Post Utme Covenant University 2025 Accounting Objective / Multiple Choice
Question 31 POST_UTME_COVENANT_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issued 5,000 shares of 10 par value at a premium of 5 per share. If the company received a total of 250,000 from the sale of these shares, what is the total amount of the premium received?

Answer Options

A. ₦125,000
B. ₦250,000
Correct Answer C. ₦375,000
D. ₦500,000
Correct Answer
C
Correct Option:
₦375,000

About This Question

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

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