Post Utme Rhema University 2021 Accounting Question 11

Practice objective / multiple choice question 11 from the 2021 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2021 Accounting Objective / Multiple Choice
Question 11 POST_UTME_RHEMA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company has a capital of ₦1,500,000, divided into 150,000 ordinary shares of ₦10 each. If the company issues 20% of its shares at a premium of ₦5 per share, calculate the amount received from the issue of shares.

Answer Options

A. ₦300,000
Correct Answer B. ₦375,000
C. ₦450,000
D. ₦525,000
Correct Answer
B
Correct Option:
₦375,000

About This Question

This is Post Utme Rhema University 2021 Accounting Question 11. It is one of the objective questions from the 2021 Post Utme Rhema University Accounting examination.

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