Post Utme Greenfield University 2017 Accounting Question 21

Practice objective / multiple choice question 21 from the 2017 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2017 Accounting Objective / Multiple Choice
Question 21 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issued 10,000 shares of ₠ 1 each at a premium of ₠ 2 per share. The issue expenses were ₠ 5,000. Calculate the amount received from the issue of shares.

Answer Options

A. ₠ 20,000
Correct Answer B. ₠ 30,000
C. ₠ 40,000
D. ₠ 50,000
Correct Answer
B
Correct Option:
₠ 30,000

About This Question

This is Post Utme Greenfield University 2017 Accounting Question 21. It is one of the objective questions from the 2017 Post Utme Greenfield University Accounting examination.

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