Post Utme Esut 2021 Accounting Question 19

Practice objective / multiple choice question 19 from the 2021 Post Utme Esut Accounting examination.

Post Utme Esut 2021 Accounting Objective / Multiple Choice
Question 19 POST_UTME_ESUT • 2021 • ACCOUNTING • objective

A company issues 5,000 8% shares of ₦10 each at a premium of ₦2. Calculate the amount received from the shareholders.

Answer Options

A. ₦50,000
B. ₦60,000
Correct Answer C. ₦70,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦70,000

About This Question

This is Post Utme Esut 2021 Accounting Question 19. It is one of the objective questions from the 2021 Post Utme Esut Accounting examination.

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