Post Utme Mountain Top University 2025 Accounting Question 14

Practice objective / multiple choice question 14 from the 2025 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2025 Accounting Objective / Multiple Choice
Question 14 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issued 10,000, 5% preference shares of ₦50 each at a premium of ₦10 per share. Calculate the amount received from the shareholders.

Answer Options

A. ₦500,000
B. ₦510,000
Correct Answer C. ₦520,000
D. ₦530,000
Correct Answer
C
Correct Option:
₦520,000

About This Question

This is Post Utme Mountain Top University 2025 Accounting Question 14. It is one of the objective questions from the 2025 Post Utme Mountain Top University Accounting examination.

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