Post Utme Igbinedion University 2019 Accounting Question 5

Practice objective / multiple choice question 5 from the 2019 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2019 Accounting Objective / Multiple Choice
Question 5 POST_UTME_IGBINEDION_UNIVERSITY • 2019 • ACCOUNTING • objective

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

Answer Options

Correct Answer A. ₦150,000
B. ₦100,000
C. ₦150,000
D. ₦100,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Igbinedion University 2019 Accounting Question 5. It is one of the objective questions from the 2019 Post Utme Igbinedion University Accounting examination.

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