Post Utme Igbinedion University 2019 Accounting Question 18

Practice objective / multiple choice question 18 from the 2019 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2019 Accounting Objective / Multiple Choice
Question 18 POST_UTME_IGBINEDION_UNIVERSITY • 2019 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦12,000
B. ₦15,000
C. ₦18,000
Correct Answer D. ₦20,000
Correct Answer
D
Correct Option:
₦20,000

About This Question

This is Post Utme Igbinedion University 2019 Accounting Question 18. It is one of the objective questions from the 2019 Post Utme Igbinedion University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support