Post Utme Eksu 2019 Accounting Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Eksu Accounting examination.

Post Utme Eksu 2019 Accounting Objective / Multiple Choice
Question 18 POST_UTME_EKSU • 2019 • ACCOUNTING • objective

A company issued 5,000 shares of £ 1 each at a premium of £ 0.50 per share. The issue expenses were £ 2,500. Calculate the amount received from the issue of shares.

Answer Options

A. £ 25,000
Correct Answer B. £ 27,500
C. £ 30,000
D. £ 32,500
Correct Answer
B
Correct Option:
£ 27,500

About This Question

This is Post Utme Eksu 2019 Accounting Question 18. It is one of the objective questions from the 2019 Post Utme Eksu Accounting examination.

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