Post Utme Pan Atlantic University 2020 Accounting Question 16

Practice objective / multiple choice question 16 from the 2020 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2020 Accounting Objective / Multiple Choice
Question 16 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2020 • ACCOUNTING • objective

A company issued 5,000 shares of 10 par value at a premium of 5 per share. If the company received 50,000 from the sale of these shares, what is the total amount of shareholders' equity?

Answer Options

A. ₦250,000
B. ₦300,000
Correct Answer C. ₦350,000
D. ₦400,000
Correct Answer
C
Correct Option:
₦350,000

About This Question

This is Post Utme Pan Atlantic University 2020 Accounting Question 16. It is one of the objective questions from the 2020 Post Utme Pan Atlantic University Accounting examination.

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