Post Utme Lautech 2021 Accounting Question 5

Practice objective / multiple choice question 5 from the 2021 Post Utme Lautech Accounting examination.

Post Utme Lautech 2021 Accounting Objective / Multiple Choice
Question 5 POST_UTME_LAUTECH • 2021 • ACCOUNTING • objective

A company issues 5,000 shares of ₦10 each at a premium of ₦2 per share. If the company receives a total of ₦120,000, what is the amount of premium received?

Answer Options

A. ₦10,000
B. ₦20,000
Correct Answer C. ₦30,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Lautech 2021 Accounting Question 5. It is one of the objective questions from the 2021 Post Utme Lautech Accounting examination.

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