Post Utme Futa 2021 Accounting Question 33

Practice objective / multiple choice question 33 from the 2021 Post Utme Futa Accounting examination.

Post Utme Futa 2021 Accounting Objective / Multiple Choice
Question 33 POST_UTME_FUTA • 2021 • ACCOUNTING • objective

A company issued 10,000 shares of ₦5 each at a premium of ₦2. The shares were sold for ₦7 each. Calculate the total amount received from the sale of shares.

Answer Options

A. ₦70,000
Correct Answer B. ₦80,000
C. ₦90,000
D. ₦100,000
Correct Answer
B
Correct Option:
₦80,000

About This Question

This is Post Utme Futa 2021 Accounting Question 33. It is one of the objective questions from the 2021 Post Utme Futa Accounting examination.

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