Post Utme Igbinedion University 2020 Accounting Question 3

Practice objective / multiple choice question 3 from the 2020 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2020 Accounting Objective / Multiple Choice
Question 3 POST_UTME_IGBINEDION_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's share capital consists of 10,000 shares of ₦10 each. The company issues 2,000 shares at a premium of ₦5 per share. Calculate the amount of share premium.

Answer Options

A. ₦10,000
Correct Answer B. ₦20,000
C. ₦30,000
D. ₦40,000
Correct Answer
B
Correct Option:
₦20,000

About This Question

This is Post Utme Igbinedion University 2020 Accounting Question 3. It is one of the objective questions from the 2020 Post Utme Igbinedion University Accounting examination.

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