Post Utme Ims U 2020 Accounting Question 24

Practice objective / multiple choice question 24 from the 2020 Post Utme Ims U Accounting examination.

Post Utme Ims U 2020 Accounting Objective / Multiple Choice
Question 24 POST_UTME_IMS_U • 2020 • ACCOUNTING • objective

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

Answer Options

A. ₦200,000
Correct Answer B. ₦220,000
C. ₦240,000
D. ₦260,000
Correct Answer
B
Correct Option:
₦220,000

About This Question

This is Post Utme Ims U 2020 Accounting Question 24. It is one of the objective questions from the 2020 Post Utme Ims U Accounting examination.

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