Post Utme Pan Atlantic University 2024 Accounting Question 32

Practice objective / multiple choice question 32 from the 2024 Post Utme Pan Atlantic University Accounting examination.

Post Utme Pan Atlantic University 2024 Accounting Objective / Multiple Choice
Question 32 POST_UTME_PAN-ATLANTIC_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issued 10,000 shares of ₦10 par value at a premium of ₦5 per share. If the company received ₦120,000 from the sale of these shares, what is the total amount of paid-in capital?

Answer Options

A. ₦100,000
B. ₦105,000
Correct Answer C. ₦110,000
D. ₦115,000
Correct Answer
C
Correct Option:
₦110,000

About This Question

This is Post Utme Pan Atlantic University 2024 Accounting Question 32. It is one of the objective questions from the 2024 Post Utme Pan Atlantic University Accounting examination.

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