Post Utme Ims U 2019 Accounting Question 24

Practice objective / multiple choice question 24 from the 2019 Post Utme Ims U Accounting examination.

Post Utme Ims U 2019 Accounting Objective / Multiple Choice
Question 24 POST_UTME_IMS_U • 2019 • ACCOUNTING • objective

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

Answer Options

A. ₦150,000
B. ₦155,000
Correct Answer C. ₦160,000
D. ₦165,000
Correct Answer
C
Correct Option:
₦160,000

About This Question

This is Post Utme Ims U 2019 Accounting Question 24. It is one of the objective questions from the 2019 Post Utme Ims U Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support