Post Utme Greenfield University 2019 Accounting Question 20

Practice objective / multiple choice question 20 from the 2019 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2019 Accounting Objective / Multiple Choice
Question 20 POST_UTME_GREENFIELD_UNIVERSITY • 2019 • ACCOUNTING • objective

A company issues 10,000, 10% shares of ₦10 each at a premium of ₦5. Calculate the amount received from the 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 Greenfield University 2019 Accounting Question 20. It is one of the objective questions from the 2019 Post Utme Greenfield University Accounting examination.

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