Post Utme Pan Atlantic University 2020 Accounting Question 19

Practice objective / multiple choice question 19 from the 2020 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2020 Accounting Objective / Multiple Choice
Question 19 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2020 • ACCOUNTING • objective

A company issued 10,000 shares of 5 par value at a premium of 2 per share. If the company received 60,000 from the sale of these shares, what is the total amount of shareholders' equity?

Answer Options

A. ₦120,000
B. ₦140,000
Correct Answer C. ₦160,000
D. ₦180,000
Correct Answer
C
Correct Option:
₦160,000

About This Question

This is Post Utme Pan Atlantic University 2020 Accounting Question 19. It is one of the objective questions from the 2020 Post Utme Pan Atlantic University Accounting examination.

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