Post Utme Redeemers University 2019 Accounting Question 24

Practice objective / multiple choice question 24 from the 2019 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2019 Accounting Objective / Multiple Choice
Question 24 POST_UTME_REDEEMERS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company issues 10,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives a total of ₦150,000, what is the amount received from the issue of shares?

Answer Options

A. ₦100,000
B. ₦120,000
C. ₦130,000
Correct Answer D. ₦150,000
Correct Answer
D
Correct Option:
₦150,000

About This Question

This is Post Utme Redeemers University 2019 Accounting Question 24. It is one of the objective questions from the 2019 Post Utme Redeemers University Accounting examination.

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