Post Utme Igbinedion University 2021 Accounting Question 22

Practice objective / multiple choice question 22 from the 2021 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2021 Accounting Objective / Multiple Choice
Question 22 POST_UTME_IGBINEDION_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issued 10,000 shares of ₦5 each at a premium of ₦3. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦500,000
Correct Answer B. ₦550,000
C. ₦600,000
D. ₦650,000
Correct Answer
B
Correct Option:
₦550,000

About This Question

This is Post Utme Igbinedion University 2021 Accounting Question 22. It is one of the objective questions from the 2021 Post Utme Igbinedion University Accounting examination.

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