Post Utme Rhema University 2022 Accounting Question 23

Practice objective / multiple choice question 23 from the 2022 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2022 Accounting Objective / Multiple Choice
Question 23 POST_UTME_RHEMA_UNIVERSITY • 2022 • ACCOUNTING • objective

A company issued 10,000 shares of ₦1 each at a premium of ₦0.50 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦1,000
Correct Answer B. ₦1,050
C. ₦1,050,000
D. ₦1,050,000
Correct Answer
B
Correct Option:
₦1,050

About This Question

This is Post Utme Rhema University 2022 Accounting Question 23. It is one of the objective questions from the 2022 Post Utme Rhema University Accounting examination.

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