Post Utme Ims U 2018 Accounting Question 30

Practice objective / multiple choice question 30 from the 2018 Post Utme Ims U Accounting examination.

Post Utme Ims U 2018 Accounting Objective / Multiple Choice
Question 30 POST_UTME_IMS_U • 2018 • ACCOUNTING • objective

A company issues 10,000 shares of ₦1 each at a premium of ₦0.50 per share. What is the total amount received from the issue of shares?

Answer Options

Correct Answer A. ₦5,500
B. ₦5,000
C. ₦5,200
D. ₦5,300
Correct Answer
A
Correct Option:
₦5,500

About This Question

This is Post Utme Ims U 2018 Accounting Question 30. It is one of the objective questions from the 2018 Post Utme Ims U Accounting examination.

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