Post Utme Igbinedion University 2020 Accounting Question 34

Practice objective / multiple choice question 34 from the 2020 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2020 Accounting Objective / Multiple Choice
Question 34 POST_UTME_IGBINEDION_UNIVERSITY • 2020 • ACCOUNTING • objective

A company issued 5,000, 10% shares of ₦10 each at a premium of ₦2. Calculate the amount received from shareholders and the amount of premium on the shares.

Answer Options

A. ₦50,000
B. ₦55,000
C. ₦60,000
Correct Answer D. ₦65,000
Correct Answer
D
Correct Option:
₦65,000

About This Question

This is Post Utme Igbinedion University 2020 Accounting Question 34. It is one of the objective questions from the 2020 Post Utme Igbinedion University Accounting examination.

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