Post Utme Redeemers University 2024 Accounting Question 29

Practice objective / multiple choice question 29 from the 2024 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2024 Accounting Objective / Multiple Choice
Question 29 POST_UTME_REDEEMERS_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issues 1,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives a total of ₦15,000, what is the amount of the premium received?

Answer Options

A. ₦4,000
Correct Answer B. ₦5,000
C. ₦6,000
D. ₦7,000
Correct Answer
B
Correct Option:
₦5,000

About This Question

This is Post Utme Redeemers University 2024 Accounting Question 29. It is one of the objective questions from the 2024 Post Utme Redeemers University Accounting examination.

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