Post Utme Ims U 2020 Accounting Question 41

Practice objective / multiple choice question 41 from the 2020 Post Utme Ims U Accounting examination.

Post Utme Ims U 2020 Accounting Objective / Multiple Choice
Question 41 POST_UTME_IMS_U • 2020 • ACCOUNTING • objective

A company issued 20,000 shares of ₦1 each at a premium of ₦0.25 per share. The shares were issued at ₦1.25 each. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦25,000
Correct Answer B. ₦28,000
C. ₦30,000
D. ₦32,000
Correct Answer
B
Correct Option:
₦28,000

About This Question

This is Post Utme Ims U 2020 Accounting Question 41. It is one of the objective questions from the 2020 Post Utme Ims U Accounting examination.

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