Post Utme Mountain Top University 2023 Accounting Question 6

Practice objective / multiple choice question 6 from the 2023 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2023 Accounting Objective / Multiple Choice

Question 6 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issued 10,000 shares of ₦1 par value at a premium of ₦0.50 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦0,500,000

B. ₦1,000,000

Correct Answer C. ₦1,050,000

D. ₦1,500,000

Correct Answer

Correct Option:

₦1,050,000

About This Question

This is Post Utme Mountain Top University 2023 Accounting Question 6. It is one of the objective questions from the 2023 Post Utme Mountain Top University Accounting examination.

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