Post Utme Madonna University 2021 Accounting Question 30

Practice objective / multiple choice question 30 from the 2021 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2021 Accounting Objective / Multiple Choice
Question 30 POST_UTME_MADONNA_UNIVERSITY • 2021 • ACCOUNTING • objective

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

Answer Options

A. ₦150,000
B. ₦200,000
Correct Answer C. ₦250,000
D. ₦300,000
Correct Answer
C
Correct Option:
₦250,000

About This Question

This is Post Utme Madonna University 2021 Accounting Question 30. It is one of the objective questions from the 2021 Post Utme Madonna University Accounting examination.

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