Post Utme Futo 2017 Accounting Question 9

Practice objective / multiple choice question 9 from the 2017 Post Utme Futo Accounting examination.

Post Utme Futo 2017 Accounting Objective / Multiple Choice
Question 9 POST_UTME_FUTO • 2017 • ACCOUNTING • objective

A company issued 10,000, 5% preference shares of ₦10 each at a premium of 20%. Calculate the amount received from shareholders and the amount of premium.

Answer Options

A. ₦100,000
B. ₦110,000
Correct Answer C. ₦120,000
D. ₦130,000
Correct Answer
C
Correct Option:
₦120,000

About This Question

This is Post Utme Futo 2017 Accounting Question 9. It is one of the objective questions from the 2017 Post Utme Futo Accounting examination.

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