Post Utme Mountain Top University 2022 Accounting Question 37

Practice objective / multiple choice question 37 from the 2022 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2022 Accounting Objective / Multiple Choice
Question 37 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2022 • ACCOUNTING • objective

A company issues 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. ₦5,000
Correct Answer B. ₦5,500
C. ₦6,000
D. ₦6,500
Correct Answer
B
Correct Option:
₦5,500

About This Question

This is Post Utme Mountain Top University 2022 Accounting Question 37. It is one of the objective questions from the 2022 Post Utme Mountain Top University Accounting examination.

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