Post Utme Redeemers University 2025 Accounting Question 25

Practice objective / multiple choice question 25 from the 2025 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2025 Accounting Objective / Multiple Choice
Question 25 POST_UTME_REDEEMERS_UNIVERSITY • 2025 • ACCOUNTING • objective

A company issued 10,000 shares of 1 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. ₦200,000
B. ₦220,000
Correct Answer C. ₦240,000
D. ₦260,000
Correct Answer
C
Correct Option:
₦240,000

About This Question

This is Post Utme Redeemers University 2025 Accounting Question 25. It is one of the objective questions from the 2025 Post Utme Redeemers University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support