Post Utme Nile University 2019 Accounting Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Nile University Accounting examination.

Post Utme Nile University 2019 Accounting Objective / Multiple Choice
Question 35 POST_UTME_NILE_UNIVERSITY • 2019 • ACCOUNTING • objective

A company issues 5,000 shares of ₦10 each at a premium of ₦3 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦50,000
B. ₦60,000
C. ₦70,000
Correct Answer D. ₦80,000
Correct Answer
D
Correct Option:
₦80,000

About This Question

This is Post Utme Nile University 2019 Accounting Question 35. It is one of the objective questions from the 2019 Post Utme Nile University Accounting examination.

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