Post Utme Crawford University 2025 Accounting Question 4

Practice objective / multiple choice question 4 from the 2025 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2025 Accounting Objective / Multiple Choice
Question 4 POST_UTME_CRAWFORD_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issues 5,000, 12% preference shares of ₦50 each at a premium of 20%. Calculate the amount received from preference shareholders.

Answer Options

A. ₦250,000
Correct Answer B. ₦275,000
C. ₦300,000
D. ₦325,000
Correct Answer
B
Correct Option:
₦275,000

About This Question

This is Post Utme Crawford University 2025 Accounting Question 4. It is one of the objective questions from the 2025 Post Utme Crawford University Accounting examination.

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