Post Utme Nile University 2024 Accounting Question 28

Practice objective / multiple choice question 28 from the 2024 Post Utme Nile University Accounting examination.

Post Utme Nile University 2024 Accounting Objective / Multiple Choice
Question 28 POST_UTME_NILE_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issued 10,000, 5% preference shares of ₦10 each at a premium of ₦2 per share. Calculate the amount received from shareholders.

Answer Options

A. ₦200,000
B. ₦220,000
Correct Answer C. ₦240,000
D. ₦260,000
Correct Answer
C
Correct Option:
₦240,000

About This Question

This is Post Utme Nile University 2024 Accounting Question 28. It is one of the objective questions from the 2024 Post Utme Nile University Accounting examination.

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