Post Utme Lautech 2021 Accounting Question 9

Practice objective / multiple choice question 9 from the 2021 Post Utme Lautech Accounting examination.

Post Utme Lautech 2021 Accounting Objective / Multiple Choice

Question 9 POST_UTME_LAUTECH • 2021 • ACCOUNTING • objective

A company has a capital of ₦1,000,000, divided into 100,000 shares of ₦10 each. If the company issues 20,000 shares at a premium of ₦5 per share, calculate the amount of premium received.

Answer Options

Correct Answer A. ₦100,000

B. ₦120,000

C. ₦140,000

D. ₦160,000

Correct Answer

Correct Option:

₦100,000

About This Question

This is Post Utme Lautech 2021 Accounting Question 9. It is one of the objective questions from the 2021 Post Utme Lautech Accounting examination.

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