Post Utme Futa 2024 Accounting Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Futa Accounting examination.

Post Utme Futa 2024 Accounting Objective / Multiple Choice
Question 19 POST_UTME_FUTA • 2024 • ACCOUNTING • objective

A company issued 10,000 9% preference shares of ₦10 each at a premium of ₦2 per share. Calculate the amount received from the issue of preference shares and the amount of premium.

Answer Options

Correct Answer A. ₦200,000 and ₦20,000
B. ₦220,000 and ₦20,000
C. ₦200,000 and ₦20,000
D. ₦220,000 and ₦20,000
Correct Answer
A
Correct Option:
₦200,000 and ₦20,000

About This Question

This is Post Utme Futa 2024 Accounting Question 19. It is one of the objective questions from the 2024 Post Utme Futa Accounting examination.

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