Post Utme Osustech 2023 Accounting Question 11

Practice objective / multiple choice question 11 from the 2023 Post Utme Osustech Accounting examination.

Post Utme Osustech 2023 Accounting Objective / Multiple Choice
Question 11 POST_UTME_OSUSTECH • 2023 • ACCOUNTING • objective

A company issued 10,000 shares of 1 par value at a premium of 3 per share. The total amount received from the issue of shares is 350,000. Calculate the amount received from the issue of shares in excess of the par value.

Answer Options

A. ₦3,400,000
B. ₦3,500,000
Correct Answer C. ₦3,600,000
D. ₦3,700,000
Correct Answer
C
Correct Option:
₦3,600,000

About This Question

This is Post Utme Osustech 2023 Accounting Question 11. It is one of the objective questions from the 2023 Post Utme Osustech Accounting examination.

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