Post Utme Madonna University 2018 Accounting Question 37

Practice objective / multiple choice question 37 from the 2018 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2018 Accounting Objective / Multiple Choice
Question 37 POST_UTME_MADONNA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issues 10,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives a total of ₦120,000, what is the amount received from the issue of shares?

Answer Options

A. ₦100,000
Correct Answer B. ₦120,000
C. ₦110,000
D. ₦130,000
Correct Answer
B
Correct Option:
₦120,000

About This Question

This is Post Utme Madonna University 2018 Accounting Question 37. It is one of the objective questions from the 2018 Post Utme Madonna University Accounting examination.

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