Post Utme Madonna University 2025 Accounting Question 19

Practice objective / multiple choice question 19 from the 2025 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2025 Accounting Objective / Multiple Choice
Question 19 POST_UTME_MADONNA_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issued 10,000 shares of ₦100 par value at a premium of ₦20 per share. If the company received a total of ₦2,000,000, what is the amount of the premium received?

Answer Options

A. ₦200,000
B. ₦400,000
Correct Answer C. ₦600,000
D. ₦800,000
Correct Answer
C
Correct Option:
₦600,000

About This Question

This is Post Utme Madonna University 2025 Accounting Question 19. It is one of the objective questions from the 2025 Post Utme Madonna University Accounting examination.

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