Post Utme Oau 2017 Accounting Question 17

Practice objective / multiple choice question 17 from the 2017 Post Utme Oau Accounting examination.

Post Utme Oau 2017 Accounting Objective / Multiple Choice
Question 17 POST_UTME_OAU • 2017 • ACCOUNTING • objective

A company issued 10,000 shares of ₦5 each at a premium of ₦3. If the company's share capital is ₦250,000, what is the amount received from the issue of shares?

Answer Options

A. ₦250,000
Correct Answer B. ₦300,000
C. ₦350,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦300,000

About This Question

This is Post Utme Oau 2017 Accounting Question 17. It is one of the objective questions from the 2017 Post Utme Oau Accounting examination.

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