Post Utme Greenfield University 2023 Accounting Question 20

Practice objective / multiple choice question 20 from the 2023 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2023 Accounting Objective / Multiple Choice
Question 20 POST_UTME_GREENFIELD_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issued 8,000 shares of 10 par value at a premium of 3 per share. If the company received a total of 240,000, what is the amount of the premium received?

Answer Options

A. ₦24,000
B. ₦48,000
Correct Answer C. ₦72,000
D. ₦96,000
Correct Answer
C
Correct Option:
₦72,000

About This Question

This is Post Utme Greenfield University 2023 Accounting Question 20. It is one of the objective questions from the 2023 Post Utme Greenfield University Accounting examination.

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