Post Utme Lautech 2018 Accounting Question 29

Practice objective / multiple choice question 29 from the 2018 Post Utme Lautech Accounting examination.

Post Utme Lautech 2018 Accounting Objective / Multiple Choice
Question 29 POST_UTME_LAUTECH • 2018 • ACCOUNTING • objective

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

Answer Options

A. ₦200,000
B. ₦220,000
Correct Answer C. ₦240,000
D. ₦260,000
Correct Answer
C
Correct Option:
₦240,000

About This Question

This is Post Utme Lautech 2018 Accounting Question 29. It is one of the objective questions from the 2018 Post Utme Lautech Accounting examination.

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