Post Utme Lautech 2021 Accounting Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Lautech Accounting examination.

Post Utme Lautech 2021 Accounting Objective / Multiple Choice
Question 10 POST_UTME_LAUTECH • 2021 • ACCOUNTING • objective

A company has a capital of ₦2,000,000, divided into 200,000 shares of ₦10 each. If the company issues 30,000 shares at a premium of ₦5 per share, calculate the amount of premium received.

Answer Options

Correct Answer A. ₦150,000
B. ₦180,000
C. ₦210,000
D. ₦240,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Lautech 2021 Accounting Question 10. It is one of the objective questions from the 2021 Post Utme Lautech Accounting examination.

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