Post Utme Osustech 2025 Accounting Question 20

Practice objective / multiple choice question 20 from the 2025 Post Utme Osustech Accounting examination.

Post Utme Osustech 2025 Accounting Objective / Multiple Choice
Question 20 POST_UTME_OSUSTECH • 2025 • ACCOUNTING • objective

A company issued 10,000 shares of ₦10 each at a premium of ₦5 per share. Calculate the total amount received from shareholders.

Answer Options

A. ₦500,000
Correct Answer B. ₦550,000
C. ₦600,000
D. ₦650,000
Correct Answer
B
Correct Option:
₦550,000

About This Question

This is Post Utme Osustech 2025 Accounting Question 20. It is one of the objective questions from the 2025 Post Utme Osustech Accounting examination.

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