Post Utme Lautech 2017 Accounting Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Lautech Accounting examination.

Post Utme Lautech 2017 Accounting Objective / Multiple Choice
Question 24 POST_UTME_LAUTECH • 2017 • ACCOUNTING • objective

A company issued 10,000 shares of ₦10 each at a premium of 50%. Calculate the amount of premium received.

Answer Options

A. ₦50,000
B. ₦100,000
Correct Answer C. ₦150,000
D. ₦200,000
Correct Answer
C
Correct Option:
₦150,000

About This Question

This is Post Utme Lautech 2017 Accounting Question 24. It is one of the objective questions from the 2017 Post Utme Lautech Accounting examination.

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