Post Utme Rhema University 2019 Accounting Question 40

Practice objective / multiple choice question 40 from the 2019 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2019 Accounting Objective / Multiple Choice
Question 40 POST_UTME_RHEMA_UNIVERSITY • 2019 • ACCOUNTING • objective

A company issues 5,000, 10% preference shares of ₦50 each at a premium of 20%. Calculate the amount received from the issue of preference shares.

Answer Options

A. ₦250,000
B. ₦275,000
Correct Answer C. ₦300,000
D. ₦325,000
Correct Answer
C
Correct Option:
₦300,000

About This Question

This is Post Utme Rhema University 2019 Accounting Question 40. It is one of the objective questions from the 2019 Post Utme Rhema University Accounting examination.

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