Post Utme Mountain Top University 2018 Accounting Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2018 Accounting Objective / Multiple Choice
Question 16 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issued 10,000 shares of ₦ 1 each at a premium of ₦ 2 per share. The company's issued share capital is ₦ 120,000. What is the amount received from the issue of shares?

Answer Options

A. ₦ 100,000
Correct Answer B. ₦ 120,000
C. ₦ 140,000
D. ₦ 160,000
Correct Answer
B
Correct Option:
₦ 120,000

About This Question

This is Post Utme Mountain Top University 2018 Accounting Question 16. It is one of the objective questions from the 2018 Post Utme Mountain Top University Accounting examination.

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