Post Utme Osustech 2019 Accounting Question 7

Practice objective / multiple choice question 7 from the 2019 Post Utme Osustech Accounting examination.

Post Utme Osustech 2019 Accounting Objective / Multiple Choice
Question 7 POST_UTME_OSUSTECH • 2019 • ACCOUNTING • objective

A company issues 10,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives a total of ₦1,500,000, what is the amount received from the issue of shares?

Answer Options

A. ₦1,000,000
B. ₦1,200,000
C. ₦1,300,000
Correct Answer D. ₦1,500,000
Correct Answer
D
Correct Option:
₦1,500,000

About This Question

This is Post Utme Osustech 2019 Accounting Question 7. It is one of the objective questions from the 2019 Post Utme Osustech Accounting examination.

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