Post Utme Ksu 2021 Accounting Question 26

Practice objective / multiple choice question 26 from the 2021 Post Utme Ksu Accounting examination.

Post Utme Ksu 2021 Accounting Objective / Multiple Choice
Question 26 POST_UTME_KSU • 2021 • ACCOUNTING • objective

A company issues 10,000, 10% preference shares of ₦10 each at a premium of ₦5 per share. Calculate the total amount received from the issue of these shares.

Answer Options

A. ₦100,000
Correct Answer B. ₦150,000
C. ₦200,000
D. ₦250,000
Correct Answer
B
Correct Option:
₦150,000

About This Question

This is Post Utme Ksu 2021 Accounting Question 26. It is one of the objective questions from the 2021 Post Utme Ksu Accounting examination.

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