Post Utme Redeemers University 2019 Accounting Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2019 Accounting Objective / Multiple Choice
Question 2 POST_UTME_REDEEMERS_UNIVERSITY • 2019 • ACCOUNTING • objective

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

Answer Options

Correct Answer A. ₦105,000,000
B. ₦100,000,000
C. ₦95,000,000
D. ₦90,000,000
Correct Answer
A
Correct Option:
₦105,000,000

About This Question

This is Post Utme Redeemers University 2019 Accounting Question 2. It is one of the objective questions from the 2019 Post Utme Redeemers University Accounting examination.

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