Post Utme Igbinedion University 2018 Accounting Question 32

Practice objective / multiple choice question 32 from the 2018 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2018 Accounting Objective / Multiple Choice
Question 32 POST_UTME_IGBINEDION_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issued 10,000 shares of 1 par value at a premium of 3 per share. If the company received a total of 350,000, what is the amount of the premium received?

Answer Options

Correct Answer A. ₦3,500,000
B. ₦3,000,000
C. ₦2,500,000
D. ₦2,000,000
Correct Answer
A
Correct Option:
₦3,500,000

About This Question

This is Post Utme Igbinedion University 2018 Accounting Question 32. It is one of the objective questions from the 2018 Post Utme Igbinedion University Accounting examination.

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