Post Utme Igbinedion University 2017 Accounting Question 26
Practice objective / multiple choice question 26 from the 2017 Post Utme Igbinedion University Accounting examination.
A company issues 10,000 shares of Rs. 10 each at a premium of Rs. 5 per share. The amount received is to be divided between the share capital and the share premium account. If the company has to pay a dividend of 10% on the share capital, how much will be credited to the share premium account?
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About This Question
This is Post Utme Igbinedion University 2017 Accounting Question 26. It is one of the objective questions from the 2017 Post Utme Igbinedion University Accounting examination.
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