Post Utme Noun 2019 Accounting Question 26

Practice objective / multiple choice question 26 from the 2019 Post Utme Noun Accounting examination.

Post Utme Noun 2019 Accounting Objective / Multiple Choice
Question 26 POST_UTME_NOUN • 2019 • ACCOUNTING • objective

A company issued 5,000 shares of 10 par value at a premium of 5 per share. The shares were sold for 15 each. Calculate the total amount received from the sale of shares.

Answer Options

A. ₦75,000,000
B. ₦75,500,000
Correct Answer C. ₦76,250,000
D. ₦76,500,000
Correct Answer
C
Correct Option:
₦76,250,000

About This Question

This is Post Utme Noun 2019 Accounting Question 26. It is one of the objective questions from the 2019 Post Utme Noun Accounting examination.

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