Post Utme Nile University 2023 Accounting Question 14

Practice objective / multiple choice question 14 from the 2023 Post Utme Nile University Accounting examination.

Post Utme Nile University 2023 Accounting Objective / Multiple Choice
Question 14 POST_UTME_NILE_UNIVERSITY • 2023 • ACCOUNTING • objective

A company issues 10,000 shares of £ 1 each at a premium of £ 0.50 per share. The issue expenses were £ 5,000. Calculate the amount received from the issue of shares.

Answer Options

Correct Answer A. £ 10,500
B. £ 11,000
C. £ 11,500
D. £ 12,000
Correct Answer
A
Correct Option:
£ 10,500

About This Question

This is Post Utme Nile University 2023 Accounting Question 14. It is one of the objective questions from the 2023 Post Utme Nile University Accounting examination.

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