Post Utme Lautech 2017 Accounting Question 14

Practice objective / multiple choice question 14 from the 2017 Post Utme Lautech Accounting examination.

Post Utme Lautech 2017 Accounting Objective / Multiple Choice
Question 14 POST_UTME_LAUTECH • 2017 • ACCOUNTING • objective

A company issued 10,000, 5% preference shares of ₦10 each at a premium of ₦2. Calculate the amount received from share holders.

Answer Options

A. ₦200,000
B. ₦210,000
Correct Answer C. ₦220,000
D. ₦230,000
Correct Answer
C
Correct Option:
₦220,000

About This Question

This is Post Utme Lautech 2017 Accounting Question 14. It is one of the objective questions from the 2017 Post Utme Lautech Accounting examination.

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