Post Utme Futo 2021 Accounting Question 5

Practice objective / multiple choice question 5 from the 2021 Post Utme Futo Accounting examination.

Post Utme Futo 2021 Accounting Objective / Multiple Choice
Question 5 POST_UTME_FUTO • 2021 • ACCOUNTING • objective

A company issues 10,000 shares of ₦10 each at a premium of ₦5 per share. Calculate the total amount received by the company.

Answer Options

A. ₦150,000
B. ₦200,000
C. ₦250,000
Correct Answer D. ₦300,000
Correct Answer
D
Correct Option:
₦300,000

About This Question

This is Post Utme Futo 2021 Accounting Question 5. It is one of the objective questions from the 2021 Post Utme Futo Accounting examination.

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