Post Utme Crawford University 2018 Accounting Question 4

Practice objective / multiple choice question 4 from the 2018 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2018 Accounting Objective / Multiple Choice
Question 4 POST_UTME_CRAWFORD_UNIVERSITY • 2018 • ACCOUNTING • objective

A company has a share capital of ₦1000000, divided into 100000 shares of ₦10 each. If the company issues 50000 shares at a premium of ₦5 per share, what is the total amount received from the issue of shares?

Answer Options

A. ₦250000
B. ₦275000
C. ₦300000
Correct Answer D. ₦325000
Correct Answer
D
Correct Option:
₦325000

About This Question

This is Post Utme Crawford University 2018 Accounting Question 4. It is one of the objective questions from the 2018 Post Utme Crawford University Accounting examination.

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