Post Utme Greenfield University 2019 Accounting Question 26

Practice objective / multiple choice question 26 from the 2019 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2019 Accounting Objective / Multiple Choice
Question 26 POST_UTME_GREENFIELD_UNIVERSITY • 2019 • ACCOUNTING • objective

A company issued 5,000 shares of 10 par value at a premium of 5 per share. If the company received 250,000 from the sale of these shares, what is the total amount of paid-in capital?

Answer Options

A. ₦125,000
B. ₦250,000
Correct Answer C. ₦375,000
D. ₦500,000
Correct Answer
C
Correct Option:
₦375,000

About This Question

This is Post Utme Greenfield University 2019 Accounting Question 26. It is one of the objective questions from the 2019 Post Utme Greenfield University Accounting examination.

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