Post Utme Futa 2020 Accounting Question 1

Practice objective / multiple choice question 1 from the 2020 Post Utme Futa Accounting examination.

Post Utme Futa 2020 Accounting Objective / Multiple Choice
Question 1 POST_UTME_FUTA • 2020 • ACCOUNTING • objective

A company issued 10,000 shares of ₦ 1 each at a premium of ₦ 2 per share. The issue expenses were ₦ 50,000. Calculate the amount received from the issue of shares.

Answer Options

A. ₦ 120,000
B. ₦ 130,000
C. ₦ 140,000
Correct Answer D. ₦ 150,000
Correct Answer
D
Correct Option:
₦ 150,000

About This Question

This is Post Utme Futa 2020 Accounting Question 1. It is one of the objective questions from the 2020 Post Utme Futa Accounting examination.

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