Post Utme Rhema University 2021 Accounting Question 31

Practice objective / multiple choice question 31 from the 2021 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2021 Accounting Objective / Multiple Choice
Question 31 POST_UTME_RHEMA_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issued 10,000 shares of £ 1 each at a premium of £ 0.50 per share. If the issue expenses were £ 2,000, calculate the amount received from the issue of shares.

Answer Options

A. £ 10,500
B. £ 12,000
Correct Answer C. £ 13,500
D. £ 15,000
Correct Answer
C
Correct Option:
£ 13,500

About This Question

This is Post Utme Rhema University 2021 Accounting Question 31. It is one of the objective questions from the 2021 Post Utme Rhema University Accounting examination.

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