Post Utme Futo 2020 Accounting Question 39

Practice objective / multiple choice question 39 from the 2020 Post Utme Futo Accounting examination.

Post Utme Futo 2020 Accounting Objective / Multiple Choice
Question 39 POST_UTME_FUTO • 2020 • ACCOUNTING • objective

A company issued 10,000, 5% shares of ₦10 each at a premium of ₦2. Calculate the amount received from share holders.

Answer Options

A. ₦200,000
Correct Answer B. ₦210,000
C. ₦220,000
D. ₦230,000
Correct Answer
B
Correct Option:
₦210,000

About This Question

This is Post Utme Futo 2020 Accounting Question 39. It is one of the objective questions from the 2020 Post Utme Futo Accounting examination.

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