Post Utme Madonna University 2021 Accounting Question 33

Practice objective / multiple choice question 33 from the 2021 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2021 Accounting Objective / Multiple Choice
Question 33 POST_UTME_MADONNA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issued 10,000 shares of £ 1 each at a premium of £ 0.50 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. £ 10,000
Correct Answer B. £ 15,000
C. £ 20,000
D. £ 25,000
Correct Answer
B
Correct Option:
£ 15,000

About This Question

This is Post Utme Madonna University 2021 Accounting Question 33. It is one of the objective questions from the 2021 Post Utme Madonna University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support