Post Utme Lasu 2021 Accounting Question 26

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

Post Utme Lasu 2021 Accounting Objective / Multiple Choice
Question 26 POST_UTME_LASU • 2021 • ACCOUNTING • objective

A company issued 5,000 shares of 10% preference shares at a premium of 20% on the face value. The face value of each share is ₦10. Calculate the total premium received from the issue of these shares.

Answer Options

A. ₦200,000
Correct Answer B. ₦250,000
C. ₦300,000
D. ₦350,000
Correct Answer
B
Correct Option:
₦250,000

About This Question

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

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