Post Utme Esut 2023 Accounting Question 7

Practice objective / multiple choice question 7 from the 2023 Post Utme Esut Accounting examination.

Post Utme Esut 2023 Accounting Objective / Multiple Choice
Question 7 POST_UTME_ESUT • 2023 • ACCOUNTING • objective

A company issues 1,000 shares of 10 par value at a premium of 5 per share. What is the total amount received from the sale of these shares?

Answer Options

A. ₦1,000,000
Correct Answer B. ₦1,500,000
C. ₦2,000,000
D. ₦2,500,000
Correct Answer
B
Correct Option:
₦1,500,000

About This Question

This is Post Utme Esut 2023 Accounting Question 7. It is one of the objective questions from the 2023 Post Utme Esut Accounting examination.

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