Post Utme Lautech 2021 Accounting Question 7

Practice objective / multiple choice question 7 from the 2021 Post Utme Lautech Accounting examination.

Post Utme Lautech 2021 Accounting Objective / Multiple Choice

Question 7 POST_UTME_LAUTECH • 2021 • ACCOUNTING • objective

A company issues 10,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives a total of ₦150,000, calculate the amount of premium received.

Answer Options

Correct Answer A. ₦50,000

B. ₦60,000

C. ₦70,000

D. ₦80,000

Correct Answer

Correct Option:

₦50,000

About This Question

This is Post Utme Lautech 2021 Accounting Question 7. It is one of the objective questions from the 2021 Post Utme Lautech Accounting examination.

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