Post Utme Pan Atlantic University 2021 Accounting Question 35

Practice objective / multiple choice question 35 from the 2021 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2021 Accounting Objective / Multiple Choice
Question 35 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. What is the total amount received from the issue of shares?

Answer Options

A. ₦10,000
B. ₦15,000
C. ₦20,000
Correct Answer D. ₦25,000
Correct Answer
D
Correct Option:
₦25,000

About This Question

This is Post Utme Pan Atlantic University 2021 Accounting Question 35. It is one of the objective questions from the 2021 Post Utme Pan Atlantic University Accounting examination.

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