Post Utme Mountain Top University 2023 Accounting Question 35

Practice objective / multiple choice question 35 from the 2023 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2023 Accounting Objective / Multiple Choice
Question 35 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issued 10,000 shares of 1 par value at a premium of 3 per share. The total amount received from the issue of shares is 350,000. Calculate the amount of share capital and the amount of share premium.

Answer Options

A. ₦350,000
B. ₦300,000
C. ₦400,000
Correct Answer D. ₦450,000
Correct Answer
D
Correct Option:
₦450,000

About This Question

This is Post Utme Mountain Top University 2023 Accounting Question 35. It is one of the objective questions from the 2023 Post Utme Mountain Top University Accounting examination.

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