Post Utme Lautech 2018 Accounting Question 9

Practice objective / multiple choice question 9 from the 2018 Post Utme Lautech Accounting examination.

Post Utme Lautech 2018 Accounting Objective / Multiple Choice
Question 9 POST_UTME_LAUTECH • 2018 • ACCOUNTING • objective

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

Answer Options

A. ₦150,000
B. ₦175,000
C. ₦200,000
Correct Answer D. ₦225,000
Correct Answer
D
Correct Option:
₦225,000

About This Question

This is Post Utme Lautech 2018 Accounting Question 9. It is one of the objective questions from the 2018 Post Utme Lautech Accounting examination.

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