Post Utme Igbinedion University 2024 Accounting Question 24

Practice objective / multiple choice question 24 from the 2024 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2024 Accounting Objective / Multiple Choice
Question 24 POST_UTME_IGBINEDION_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issues 5,000, 8% preference shares of ₦50 each at a premium of ₦10 per share. Calculate the amount received from preference shareholders.

Answer Options

A. ₦250,000
B. ₦275,000
Correct Answer C. ₦300,000
D. ₦325,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Igbinedion University 2024 Accounting Question 24. It is one of the objective questions from the 2024 Post Utme Igbinedion University Accounting examination.

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