Post Utme Futa 2025 Accounting Question 26

Practice objective / multiple choice question 26 from the 2025 Post Utme Futa Accounting examination.

Post Utme Futa 2025 Accounting Objective / Multiple Choice
Question 26 POST_UTME_FUTA • 2025 • ACCOUNTING • objective

A company issued 5,000 shares of 10 par value at a premium of 5 per share. If the company received 52,000 from the sale of these shares, what is the total amount of paid-in capital?

Answer Options

A. ₦25,000
B. ₦30,000
C. ₦35,000
Correct Answer D. ₦40,000
Correct Answer
D
Correct Option:
₦40,000

About This Question

This is Post Utme Futa 2025 Accounting Question 26. It is one of the objective questions from the 2025 Post Utme Futa Accounting examination.

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