Post Utme Lautech 2024 Accounting Question 36

Practice objective / multiple choice question 36 from the 2024 Post Utme Lautech Accounting examination.

Post Utme Lautech 2024 Accounting Objective / Multiple Choice
Question 36 POST_UTME_LAUTECH • 2024 • ACCOUNTING • objective

A company issued 10,000 shares of £ 1 each at a premium of £ 0.50 per share. The shares were issued for £ 1.50 each. Calculate the amount received from the issue of shares.

Answer Options

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

About This Question

This is Post Utme Lautech 2024 Accounting Question 36. It is one of the objective questions from the 2024 Post Utme Lautech Accounting examination.

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