Post Utme Crawford University 2021 Accounting Question 29

Practice objective / multiple choice question 29 from the 2021 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2021 Accounting Objective / Multiple Choice
Question 29 POST_UTME_CRAWFORD_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issued 10,000 shares of ₦10 each at a premium of ₦5. The company's capital structure consists of 60% preference shares and 40% ordinary shares. Calculate the total amount received from the issue of ordinary shares.

Answer Options

A. ₦150,000
Correct Answer B. ₦200,000
C. ₦250,000
D. ₦300,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

This is Post Utme Crawford University 2021 Accounting Question 29. It is one of the objective questions from the 2021 Post Utme Crawford University Accounting examination.

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