Post Utme Crawford University 2023 Accounting Question 15

Practice objective / multiple choice question 15 from the 2023 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2023 Accounting Objective / Multiple Choice
Question 15 POST_UTME_CRAWFORD_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issued 20,000 shares of 10 par value at a premium of 3 per share. If the company received a total of 240,000 from the sale of these shares, what is the total amount of the premium received?

Answer Options

A. ₦60,000
B. ₦80,000
C. ₦100,000
Correct Answer D. ₦120,000
Correct Answer
D
Correct Option:
₦120,000

About This Question

This is Post Utme Crawford University 2023 Accounting Question 15. It is one of the objective questions from the 2023 Post Utme Crawford University Accounting examination.

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