Post Utme Futa 2019 Accounting Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Futa Accounting examination.

Post Utme Futa 2019 Accounting Objective / Multiple Choice
Question 18 POST_UTME_FUTA • 2019 • ACCOUNTING • objective

A company issued 10,000, 10% preference shares of ₦10 each at a premium of ₦2 per share. Calculate the amount of premium received on the issue of preference shares.

Answer Options

A. ₦20,000
B. ₦40,000
Correct Answer C. ₦60,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦60,000

About This Question

This is Post Utme Futa 2019 Accounting Question 18. It is one of the objective questions from the 2019 Post Utme Futa Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support