Post Utme Lasu 2017 Accounting Question 16

Practice objective / multiple choice question 16 from the 2017 Post Utme Lasu Accounting examination.

Post Utme Lasu 2017 Accounting Objective / Multiple Choice
Question 16 POST_UTME_LASU • 2017 • ACCOUNTING • objective

A company issued 10,000 shares of £ 1 each at a premium of £ 0.50 per share. The issue expenses were £ 5,000. Calculate the amount received from the issue of shares.

Answer Options

A. £ 50,000
Correct Answer B. £ 55,000
C. £ 60,000
D. £ 65,000
Correct Answer
B
Correct Option:
£ 55,000

About This Question

This is Post Utme Lasu 2017 Accounting Question 16. It is one of the objective questions from the 2017 Post Utme Lasu Accounting examination.

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