Post Utme Futo 2025 Accounting Question 23

Practice objective / multiple choice question 23 from the 2025 Post Utme Futo Accounting examination.

Post Utme Futo 2025 Accounting Objective / Multiple Choice
Question 23 POST_UTME_FUTO • 2025 • ACCOUNTING • objective

A company issued 10,000 shares of 1 par value at a premium of 3 per share. The total amount received from the issue of shares is 350,000. Calculate the amount of premium received.

Answer Options

Correct Answer A. ₦3,500,000
B. ₦3,000,000
C. ₦2,500,000
D. ₦2,000,000
Correct Answer
A
Correct Option:
₦3,500,000

About This Question

This is Post Utme Futo 2025 Accounting Question 23. It is one of the objective questions from the 2025 Post Utme Futo Accounting examination.

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