Post Utme Lead City University 2024 Accounting Question 15

Practice objective / multiple choice question 15 from the 2024 Post Utme Lead City University Accounting examination.

Post Utme Lead City University 2024 Accounting Objective / Multiple Choice
Question 15 POST_UTME_LEAD_CITY_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issues 10,000 shares of ₦10 each at a premium of ₦5 per share. Calculate the total amount received from the share issue.

Answer Options

A. ₦105,000
B. ₦110,000
Correct Answer C. ₦115,000
D. ₦120,000
Correct Answer
C
Correct Option:
₦115,000

About This Question

This is Post Utme Lead City University 2024 Accounting Question 15. It is one of the objective questions from the 2024 Post Utme Lead City University Accounting examination.

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