Post Utme Mountain Top University 2021 Accounting Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2021 Accounting Objective / Multiple Choice
Question 11 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issued 5,000 shares of 10 par value at a premium of 5 per share. The shares were sold for 15 each. Calculate the total amount received from the sale of shares.

Answer Options

A. ₦75,000
B. ₦100,000
Correct Answer C. ₦125,000
D. ₦150,000
Correct Answer
C
Correct Option:
₦125,000

About This Question

This is Post Utme Mountain Top University 2021 Accounting Question 11. It is one of the objective questions from the 2021 Post Utme Mountain Top University Accounting examination.

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