Post Utme Eksu 2020 Accounting Question 29

Practice objective / multiple choice question 29 from the 2020 Post Utme Eksu Accounting examination.

Post Utme Eksu 2020 Accounting Objective / Multiple Choice
Question 29 POST_UTME_EKSU • 2020 • ACCOUNTING • objective

A company issued 5,000 shares of ₦10 each at a premium of ₦2 per share. The issue expenses were ₦10,000. Calculate the amount received from the issue of shares.

Answer Options

A. ₦52,000
B. ₦55,000
Correct Answer C. ₦58,000
D. ₦61,000
Correct Answer
C
Correct Option:
₦58,000

About This Question

This is Post Utme Eksu 2020 Accounting Question 29. It is one of the objective questions from the 2020 Post Utme Eksu Accounting examination.

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