Post Utme Noun 2019 Accounting Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Noun Accounting examination.

Post Utme Noun 2019 Accounting Objective / Multiple Choice
Question 29 POST_UTME_NOUN • 2019 • ACCOUNTING • objective

A company issued 10,000 shares of 5 par value at a premium of 2 per share. The shares were sold for 7 each. Calculate the total amount received from the sale of shares.

Answer Options

A. ₦70,000
B. ₦72,000
Correct Answer C. ₦72,500
D. ₦75,000
Correct Answer
C
Correct Option:
₦72,500

About This Question

This is Post Utme Noun 2019 Accounting Question 29. It is one of the objective questions from the 2019 Post Utme Noun Accounting examination.

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