Post Utme Lautech 2020 Accounting Question 19

Practice objective / multiple choice question 19 from the 2020 Post Utme Lautech Accounting examination.

Post Utme Lautech 2020 Accounting Objective / Multiple Choice
Question 19 POST_UTME_LAUTECH • 2020 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. What is the total amount of cash received?

Answer Options

A. ₦15,000
B. ₦20,000
Correct Answer C. ₦25,000
D. ₦30,000
Correct Answer
C
Correct Option:
₦25,000

About This Question

This is Post Utme Lautech 2020 Accounting Question 19. It is one of the objective questions from the 2020 Post Utme Lautech Accounting examination.

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