Post Utme Lead City University 2022 Accounting Question 26

Practice objective / multiple choice question 26 from the 2022 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2022 Accounting Objective / Multiple Choice
Question 26 POST_UTME_LEAD_CITY_UNIVERSITY • 2022 • ACCOUNTING • objective

A company issued 5,000, 10% preference shares of ₦10 each at a premium of ₦2 per share. Calculate the total premium received.

Answer Options

A. ₦50,000
Correct Answer B. ₦100,000
C. ₦50,000
D. ₦100,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Lead City University 2022 Accounting Question 26. It is one of the objective questions from the 2022 Post Utme Lead City University Accounting examination.

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