Post Utme Lead City University 2021 Accounting Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2021 Accounting Objective / Multiple Choice
Question 13 POST_UTME_LEAD_CITY_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. If the issue price is ₦15 per share, what is the total amount received from the issue of shares?

Answer Options

A. ₦15,000
Correct Answer B. ₦15,500
C. ₦16,000
D. ₦16,500
Correct Answer
B
Correct Option:
₦15,500

About This Question

This is Post Utme Lead City University 2021 Accounting Question 13. It is one of the objective questions from the 2021 Post Utme Lead City University Accounting examination.

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