Post Utme Ims U 2025 Accounting Question 25

Practice objective / multiple choice question 25 from the 2025 Post Utme Ims U Accounting examination.

Post Utme Ims U 2025 Accounting Objective / Multiple Choice
Question 25 POST_UTME_IMS_U • 2025 • ACCOUNTING • objective

A company issued 10,000 shares of 1 par value at a premium of 3 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦30,000
Correct Answer B. ₦40,000
C. ₦50,000
D. ₦60,000
Correct Answer
B
Correct Option:
₦40,000

About This Question

This is Post Utme Ims U 2025 Accounting Question 25. It is one of the objective questions from the 2025 Post Utme Ims U Accounting examination.

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