Post Utme Elizade University 2018 Accounting Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2018 Accounting Objective / Multiple Choice
Question 11 POST_UTME_ELIZADE_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issued 5,000, 10% preference shares of ₦10 each at a premium of ₦2. Calculate the total amount received from the issue of these shares.

Answer Options

A. ₦50,000
B. ₦100,000
C. ₦150,000
Correct Answer D. ₦200,000
Correct Answer
D
Correct Option:
₦200,000

About This Question

This is Post Utme Elizade University 2018 Accounting Question 11. It is one of the objective questions from the 2018 Post Utme Elizade University Accounting examination.

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