Post Utme Redeemers University 2018 Accounting Question 11

Practice objective / multiple choice question 11 from the 2018 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2018 Accounting Objective / Multiple Choice
Question 11 POST_UTME_REDEEMERS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issued 5,000 shares of ₦1 each at a premium of ₦0.50 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₣0,250
Correct Answer B. ₣1,250
C. ₣2,500
D. ₣3,750
Correct Answer
B
Correct Option:
₣1,250

About This Question

This is Post Utme Redeemers University 2018 Accounting Question 11. It is one of the objective questions from the 2018 Post Utme Redeemers University Accounting examination.

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