Post Utme Lasu 2018 Accounting Question 35

Practice objective / multiple choice question 35 from the 2018 Post Utme Lasu Accounting examination.

Post Utme Lasu 2018 Accounting Objective / Multiple Choice
Question 35 POST_UTME_LASU • 2018 • ACCOUNTING • objective

A company has a capital of ₦500,000, which is divided into 5,000 shares of ₦100 each. If the company issues 2,000 shares at a premium of ₦20 per share, what is the amount received from the issue of shares?

Answer Options

A. ₦400,000
Correct Answer B. ₦420,000
C. ₦440,000
D. ₦460,000
Correct Answer
B
Correct Option:
₦420,000

About This Question

This is Post Utme Lasu 2018 Accounting Question 35. It is one of the objective questions from the 2018 Post Utme Lasu Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support