Post Utme Rhema University 2021 Accounting Question 35

Practice objective / multiple choice question 35 from the 2021 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2021 Accounting Objective / Multiple Choice
Question 35 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 35. It is one of the objective questions from the 2021 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