Post Utme Futa 2021 Accounting Question 6

Practice objective / multiple choice question 6 from the 2021 Post Utme Futa Accounting examination.

Post Utme Futa 2021 Accounting Objective / Multiple Choice
Question 6 POST_UTME_FUTA • 2021 • ACCOUNTING • objective

A company issues 10,000, 10% preference shares of ₦1 each at a premium of ₦0.50 per share. Calculate the total amount received from the issue of these shares.

Answer Options

A. ₦0,500
B. ₦1,000
Correct Answer C. ₦1,050
D. ₦1,500
Correct Answer
C
Correct Option:
₦1,050

About This Question

This is Post Utme Futa 2021 Accounting Question 6. It is one of the objective questions from the 2021 Post Utme Futa Accounting examination.

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