Post Utme Joseph Ayo Babalola University 2019 Accounting Question 19

Practice objective / multiple choice question 19 from the 2019 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2019 Accounting Objective / Multiple Choice
Question 19 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2019 • ACCOUNTING • objective

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

Answer Options

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

About This Question

This is Post Utme Joseph Ayo Babalola University 2019 Accounting Question 19. It is one of the objective questions from the 2019 Post Utme Joseph Ayo Babalola University Accounting examination.

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