Post Utme Elizade University 2017 Accounting Question 17

Practice objective / multiple choice question 17 from the 2017 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2017 Accounting Objective / Multiple Choice

Question 17 POST_UTME_ELIZADE_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives a total of ₦12,000,000, calculate the amount of premium received.

Answer Options

A. ₦5,000,000

Correct Answer B. ₦6,000,000

C. ₦7,000,000

D. ₦8,000,000

Correct Answer

Correct Option:

₦6,000,000

About This Question

This is Post Utme Elizade University 2017 Accounting Question 17. It is one of the objective questions from the 2017 Post Utme Elizade University Accounting examination.

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