Post Utme Joseph Ayo Babalola University 2024 Accounting Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2024 Accounting Objective / Multiple Choice
Question 19 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issues 5,000 8% shares of ₦20 each at a premium of ₦5. Calculate the total amount received from shareholders.

Answer Options

A. ₦125,000
B. ₦150,000
Correct Answer C. ₦175,000
D. ₦200,000
Correct Answer
C
Correct Option:
₦175,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2024 Accounting Question 19. It is one of the objective questions from the 2024 Post Utme Joseph Ayo Babalola University Accounting examination.

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