Post Utme Pan Atlantic University 2017 Accounting Question 37

Practice objective / multiple choice question 37 from the 2017 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2017 Accounting Objective / Multiple Choice
Question 37 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2017 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives a cash payment of ₦15,000, what is the total amount received from the issue of shares?

Answer Options

A. ₦15,000
B. ₦16,000
Correct Answer C. ₦17,000
D. ₦18,000
Correct Answer
C
Correct Option:
₦17,000

About This Question

This is Post Utme Pan Atlantic University 2017 Accounting Question 37. It is one of the objective questions from the 2017 Post Utme Pan Atlantic University Accounting examination.

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