Post Utme Elizade University 2017 Accounting Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2017 Accounting Objective / Multiple Choice
Question 2 POST_UTME_ELIZADE_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issued 10,000 ordinary shares of ₦10 each at a premium of ₦5 per share. If the company received a total of ₦150,000, what is the amount received for the premium?

Answer Options

Correct Answer A. ₦50,000
B. ₦40,000
C. ₦30,000
D. ₦20,000
Correct Answer
A
Correct Option:
₦50,000

About This Question

This is Post Utme Elizade University 2017 Accounting Question 2. It is one of the objective questions from the 2017 Post Utme Elizade University Accounting examination.

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