Post Utme Delsu 2018 Accounting Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Delsu Accounting examination.

Post Utme Delsu 2018 Accounting Objective / Multiple Choice
Question 35 POST_UTME_DELSU • 2018 • ACCOUNTING • objective

A company issues 5,000 ₦ 1 shares at a premium of ₦ 0.50 per share. The proceeds from the issue are ₦ 25,000. What is the amount of premium received?

Answer Options

A. ₦ 2,500
Correct Answer B. ₦ 5,000
C. ₦ 7,500
D. ₦ 10,000
Correct Answer
B
Correct Option:
₦ 5,000

About This Question

This is Post Utme Delsu 2018 Accounting Question 35. It is one of the objective questions from the 2018 Post Utme Delsu Accounting examination.

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