Post Utme Lead City University 2023 Accounting Question 24

Practice objective / multiple choice question 24 from the 2023 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2023 Accounting Objective / Multiple Choice
Question 24 POST_UTME_LEAD_CITY_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦2 per share. What is the total amount of cash received from the issue of shares?

Answer Options

A. ₦12,000
B. ₦14,000
Correct Answer C. ₦16,000
D. ₦18,000
Correct Answer
C
Correct Option:
₦16,000

About This Question

This is Post Utme Lead City University 2023 Accounting Question 24. It is one of the objective questions from the 2023 Post Utme Lead City University Accounting examination.

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