Post Utme Elizade University 2024 Accounting Question 26

Practice objective / multiple choice question 26 from the 2024 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2024 Accounting Objective / Multiple Choice
Question 26 POST_UTME_ELIZADE_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issues 10,000 shares of ₦1 each at a premium of ₦5 per share. If the company's issued capital is ₦500,000, what is the amount of the premium received?

Answer Options

A. ₦40,000
B. ₦50,000
Correct Answer C. ₦60,000
D. ₦70,000
Correct Answer
C
Correct Option:
₦60,000

About This Question

This is Post Utme Elizade University 2024 Accounting Question 26. It is one of the objective questions from the 2024 Post Utme Elizade University Accounting examination.

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