Post Utme Redeemers University 2017 Accounting Question 3

Practice objective / multiple choice question 3 from the 2017 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2017 Accounting Objective / Multiple Choice
Question 3 POST_UTME_REDEEMERS_UNIVERSITY • 2017 • ACCOUNTING • objective

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

Answer Options

A. ₦50,000
B. ₦55,000
C. ₦60,000
Correct Answer D. ₦65,000
Correct Answer
D
Correct Option:
₦65,000

About This Question

This is Post Utme Redeemers University 2017 Accounting Question 3. It is one of the objective questions from the 2017 Post Utme Redeemers University Accounting examination.

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