Post Utme Ims U 2020 Accounting Question 38

Practice objective / multiple choice question 38 from the 2020 Post Utme Ims U Accounting examination.

Post Utme Ims U 2020 Accounting Objective / Multiple Choice
Question 38 POST_UTME_IMS_U • 2020 • ACCOUNTING • objective

A company issued 10,000 shares of ₦1 each at a premium of ₦0.50 per share. The shares were issued at ₦1.50 each. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦15,000
Correct Answer B. ₦18,000
C. ₦20,000
D. ₦22,000
Correct Answer
B
Correct Option:
₦18,000

About This Question

This is Post Utme Ims U 2020 Accounting Question 38. It is one of the objective questions from the 2020 Post Utme Ims U Accounting examination.

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