Post Utme Futa 2025 Accounting Question 10

Practice objective / multiple choice question 10 from the 2025 Post Utme Futa Accounting examination.

Post Utme Futa 2025 Accounting Objective / Multiple Choice
Question 10 POST_UTME_FUTA • 2025 • ACCOUNTING • objective

A company issued 10,000, 10% shares of ₦10 each at a premium of ₦2. The shares are redeemable at the end of 5 years. Calculate the amount of premium on the shares.

Answer Options

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

About This Question

This is Post Utme Futa 2025 Accounting Question 10. It is one of the objective questions from the 2025 Post Utme Futa Accounting examination.

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