Post Utme Noun 2024 Accounting Question 21

Practice objective / multiple choice question 21 from the 2024 Post Utme Noun Accounting examination.

Post Utme Noun 2024 Accounting Objective / Multiple Choice
Question 21 POST_UTME_NOUN • 2024 • ACCOUNTING • objective

A company issued 10,000 shares of 1 par value at a premium of 3 per share. If the shares were sold for 5 each, calculate the total amount received from the sale of shares.

Answer Options

A. ₦30,000,000
Correct Answer B. ₦40,000,000
C. ₦50,000,000
D. ₦60,000,000
Correct Answer
B
Correct Option:
₦40,000,000

About This Question

This is Post Utme Noun 2024 Accounting Question 21. It is one of the objective questions from the 2024 Post Utme Noun Accounting examination.

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