Post Utme Crawford University 2022 Accounting Question 30

Practice objective / multiple choice question 30 from the 2022 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2022 Accounting Objective / Multiple Choice
Question 30 POST_UTME_CRAWFORD_UNIVERSITY • 2022 • ACCOUNTING • objective

A company issues 5,000 shares of ₦1 each at a premium of ₦0.25 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦1,250
B. ₦1,2500
Correct Answer C. ₦1,250
D. ₦1,2500
Correct Answer
C
Correct Option:
₦1,250

About This Question

This is Post Utme Crawford University 2022 Accounting Question 30. It is one of the objective questions from the 2022 Post Utme Crawford University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support