Post Utme Nile University 2022 Accounting Question 21

Practice objective / multiple choice question 21 from the 2022 Post Utme Nile University Accounting examination.

Post Utme Nile University 2022 Accounting Objective / Multiple Choice

Question 21 POST_UTME_NILE_UNIVERSITY • 2022 • ACCOUNTING • objective

A company issued 10,000 shares of 1 par value at a premium of 3 per share. The shares were sold for 5 each. Calculate the total amount received from the sale of shares and the total amount of share capital.

Answer Options

Correct Answer A. ₦150,000,000, ₦30,000,000

B. ₦150,000,000, ₦20,000,000

C. ₦150,000,000, ₦25,000,000

D. ₦150,000,000, ₦35,000,000

Correct Answer

Correct Option:

₦150,000,000, ₦30,000,000

About This Question

This is Post Utme Nile University 2022 Accounting Question 21. It is one of the objective questions from the 2022 Post Utme Nile University Accounting examination.

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