Post Utme Eksu 2022 Accounting Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Eksu Accounting examination.

Post Utme Eksu 2022 Accounting Objective / Multiple Choice
Question 24 POST_UTME_EKSU • 2022 • ACCOUNTING • objective

A company issued 10,000, 5% shares of ₦10 each at a premium of ₦2.50 per share. Calculate the amount received from shareholders.

Answer Options

A. ₦250,000
B. ₦255,000
Correct Answer C. ₦260,000
D. ₦265,000
Correct Answer
C
Correct Option:
₦260,000

About This Question

This is Post Utme Eksu 2022 Accounting Question 24. It is one of the objective questions from the 2022 Post Utme Eksu Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support