Post Utme Futo 2024 Accounting Question 34

Practice objective / multiple choice question 34 from the 2024 Post Utme Futo Accounting examination.

Post Utme Futo 2024 Accounting Objective / Multiple Choice
Question 34 POST_UTME_FUTO • 2024 • ACCOUNTING • objective

A company issues 5,000, 10% preference shares of ₦50 each at a premium of ₦10 per share. Calculate the total amount received from preference shareholders.

Answer Options

A. ₦250,000
B. ₦275,000
C. ₦300,000
Correct Answer D. ₦325,000
Correct Answer
D
Correct Option:
₦325,000

About This Question

This is Post Utme Futo 2024 Accounting Question 34. It is one of the objective questions from the 2024 Post Utme Futo Accounting examination.

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