Post Utme Noun 2017 Accounting Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Noun Accounting examination.

Post Utme Noun 2017 Accounting Objective / Multiple Choice
Question 29 POST_UTME_NOUN • 2017 • ACCOUNTING • objective

A company issued 5,000 shares of 10% preference shares at a premium of 20% on the face value. The face value of each share is ₦10. Calculate the total premium received.

Answer Options

A. ₦200,000
B. ₦250,000
Correct Answer C. ₦300,000
D. ₦350,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Noun 2017 Accounting Question 29. It is one of the objective questions from the 2017 Post Utme Noun Accounting examination.

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