Post Utme Futo 2021 Accounting Question 18

Practice objective / multiple choice question 18 from the 2021 Post Utme Futo Accounting examination.

Post Utme Futo 2021 Accounting Objective / Multiple Choice
Question 18 POST_UTME_FUTO • 2021 • ACCOUNTING • objective

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

Answer Options

A. ₦105,000
B. ₦110,000
Correct Answer C. ₦115,000
D. ₦120,000
Correct Answer
C
Correct Option:
₦115,000

About This Question

This is Post Utme Futo 2021 Accounting Question 18. It is one of the objective questions from the 2021 Post Utme Futo Accounting examination.

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