Post Utme Ksu 2020 Accounting Question 27

Practice objective / multiple choice question 27 from the 2020 Post Utme Ksu Accounting examination.

Post Utme Ksu 2020 Accounting Objective / Multiple Choice
Question 27 POST_UTME_KSU • 2020 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives a total of ₦15,000, what is the amount of premium received?

Answer Options

A. ₦4,000
Correct Answer B. ₦5,000
C. ₦6,000
D. ₦7,000
Correct Answer
B
Correct Option:
₦5,000

About This Question

This is Post Utme Ksu 2020 Accounting Question 27. It is one of the objective questions from the 2020 Post Utme Ksu Accounting examination.

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