Post Utme Elizade University 2017 Accounting Question 23

Practice objective / multiple choice question 23 from the 2017 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2017 Accounting Objective / Multiple Choice
Question 23 POST_UTME_ELIZADE_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. What is the total amount received from the issue of shares?

Answer Options

A. ₦10,000
B. ₦15,000
C. ₦20,000
Correct Answer D. ₦25,000
Correct Answer
D
Correct Option:
₦25,000

About This Question

This is Post Utme Elizade University 2017 Accounting Question 23. It is one of the objective questions from the 2017 Post Utme Elizade University 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