Post Utme Redeemers University 2025 Accounting Question 21

Practice objective / multiple choice question 21 from the 2025 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2025 Accounting Objective / Multiple Choice
Question 21 POST_UTME_REDEEMERS_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issued 5,000 shares of 10 par value at a premium of 2 per share. If the issue was underwritten by a broker at a commission of 5% on the premium, what is the total amount received by the company?

Answer Options

A. ₦250,000
B. ₦300,000
C. ₦350,000
Correct Answer D. ₦400,000
Correct Answer
D
Correct Option:
₦400,000

About This Question

This is Post Utme Redeemers University 2025 Accounting Question 21. It is one of the objective questions from the 2025 Post Utme Redeemers University Accounting examination.

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