Post Utme Lautech 2019 Accounting Question 25

Practice objective / multiple choice question 25 from the 2019 Post Utme Lautech Accounting examination.

Post Utme Lautech 2019 Accounting Objective / Multiple Choice
Question 25 POST_UTME_LAUTECH • 2019 • ACCOUNTING • objective

A company issues 10,000 shares of 1 par value at 5 per share. What is the amount of cash received from the issue of shares?

Answer Options

Correct Answer A. 50,000
B. 40,000
C. 30,000
D. 20,000
Correct Answer
A
Correct Option:
50,000

About This Question

This is Post Utme Lautech 2019 Accounting Question 25. It is one of the objective questions from the 2019 Post Utme Lautech Accounting examination.

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