Post Utme Osustech 2021 Accounting Question 13

Practice objective / multiple choice question 13 from the 2021 Post Utme Osustech Accounting examination.

Post Utme Osustech 2021 Accounting Objective / Multiple Choice
Question 13 POST_UTME_OSUSTECH • 2021 • ACCOUNTING • objective

A company issues 10,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives ₦150,000 in cash, what is the amount received from the issue of shares?

Answer Options

Correct Answer A. ₦150,000
B. ₦100,000
C. ₦120,000
D. ₦180,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Osustech 2021 Accounting Question 13. It is one of the objective questions from the 2021 Post Utme Osustech Accounting examination.

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