Post Utme Rsu 2017 Accounting Question 23

Practice objective / multiple choice question 23 from the 2017 Post Utme Rsu Accounting examination.

Post Utme Rsu 2017 Accounting Objective / Multiple Choice
Question 23 POST_UTME_RSU • 2017 • ACCOUNTING • objective

A company issued 10,000, 5% shares of ₦10 each at a premium of ₦2. If the issue expenses were ₦20,000, calculate the amount received from the share issue.

Answer Options

A. ₦120,000
B. ₦125,000
Correct Answer C. ₦130,000
D. ₦135,000
Correct Answer
C
Correct Option:
₦130,000

About This Question

This is Post Utme Rsu 2017 Accounting Question 23. It is one of the objective questions from the 2017 Post Utme Rsu Accounting examination.

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