Post Utme Noun 2018 Accounting Question 3

Practice objective / multiple choice question 3 from the 2018 Post Utme Noun Accounting examination.

Post Utme Noun 2018 Accounting Objective / Multiple Choice
Question 3 POST_UTME_NOUN • 2018 • ACCOUNTING • objective

A company issues 10,000 shares of ₦1 each at a premium of ₦0.50 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦5,500
Correct Answer B. ₦5,500.00
C. ₦5,500.00
D. ₦5,500.00
Correct Answer
B
Correct Option:
₦5,500.00

About This Question

This is Post Utme Noun 2018 Accounting Question 3. It is one of the objective questions from the 2018 Post Utme Noun Accounting examination.

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