Post Utme Joseph Ayo Babalola University 2025 Accounting Question 25

Practice objective / multiple choice question 25 from the 2025 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2025 Accounting Objective / Multiple Choice
Question 25 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2025 • ACCOUNTING • objective

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

Answer Options

A. ₦0,500
B. ₦1,000
Correct Answer C. ₦1,050
D. ₦1,500
Correct Answer
C
Correct Option:
₦1,050

About This Question

This is Post Utme Joseph Ayo Babalola University 2025 Accounting Question 25. It is one of the objective questions from the 2025 Post Utme Joseph Ayo Babalola University Accounting examination.

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