Post Utme Esut 2024 Accounting Question 31

Practice objective / multiple choice question 31 from the 2024 Post Utme Esut Accounting examination.

Post Utme Esut 2024 Accounting Objective / Multiple Choice
Question 31 POST_UTME_ESUT • 2024 • ACCOUNTING • objective

A company issued 5,000 shares of 10 par value at a premium of 5 per share. The shares were sold for 15 each. Calculate the total amount received from the sale of these shares.

Answer Options

A. ₦75,000,000
Correct Answer B. ₦75,500,000
C. ₦76,000,000
D. ₦76,500,000
Correct Answer
B
Correct Option:
₦75,500,000

About This Question

This is Post Utme Esut 2024 Accounting Question 31. It is one of the objective questions from the 2024 Post Utme Esut Accounting examination.

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