Post Utme Greenfield University 2023 Accounting Question 36

Practice objective / multiple choice question 36 from the 2023 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2023 Accounting Objective / Multiple Choice
Question 36 POST_UTME_GREENFIELD_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issued 10,000 shares of ₦1 each at a premium of ₦0.50 per share. The shares were subscribed for by the public for ₦1,000,000. Calculate the amount received from the public for the shares issued.

Answer Options

A. ₦0.50
B. ₦1,000,000
Correct Answer C. ₦1,050,000
D. ₦1,050,500
Correct Answer
C
Correct Option:
₦1,050,000

About This Question

This is Post Utme Greenfield University 2023 Accounting Question 36. It is one of the objective questions from the 2023 Post Utme Greenfield University Accounting examination.

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