Post Utme Rhema University 2018 Accounting Question 32

Practice objective / multiple choice question 32 from the 2018 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2018 Accounting Objective / Multiple Choice
Question 32 POST_UTME_RHEMA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issued 10,000 shares of ₦10 each at a premium of ₦5 per share. Calculate the total amount received from the issue of shares.

Answer Options

Correct Answer A. ₦150,000
B. ₦100,000
C. ₦200,000
D. ₦250,000
Correct Answer
A
Correct Option:
₦150,000

About This Question

This is Post Utme Rhema University 2018 Accounting Question 32. It is one of the objective questions from the 2018 Post Utme Rhema 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