Post Utme Futo 2019 Accounting Question 28

Practice objective / multiple choice question 28 from the 2019 Post Utme Futo Accounting examination.

Post Utme Futo 2019 Accounting Objective / Multiple Choice
Question 28 POST_UTME_FUTO • 2019 • ACCOUNTING • objective

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

Answer Options

Correct Answer A. ₦5,500
B. ₦5,500.00
C. ₦5,500.00
D. ₦5,500.00
Correct Answer
A
Correct Option:
₦5,500

About This Question

This is Post Utme Futo 2019 Accounting Question 28. It is one of the objective questions from the 2019 Post Utme Futo Accounting examination.

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