Post Utme Osustech 2020 Accounting Question 5

Practice objective / multiple choice question 5 from the 2020 Post Utme Osustech Accounting examination.

Post Utme Osustech 2020 Accounting Objective / Multiple Choice
Question 5 POST_UTME_OSUSTECH • 2020 • ACCOUNTING • objective

A company has a profit and loss account that shows a profit of ₦150,000. If the company issues 5,000 shares at a premium of ₦10 per share, what is the new profit?

Answer Options

A. ₦160,000
B. ₦170,000
C. ₦180,000
Correct Answer D. ₦190,000
Correct Answer
D
Correct Option:
₦190,000

About This Question

This is Post Utme Osustech 2020 Accounting Question 5. It is one of the objective questions from the 2020 Post Utme Osustech Accounting examination.

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