Post Utme Rsu 2018 Accounting Question 23

Practice objective / multiple choice question 23 from the 2018 Post Utme Rsu Accounting examination.

Post Utme Rsu 2018 Accounting Objective / Multiple Choice
Question 23 POST_UTME_RSU • 2018 • ACCOUNTING • objective

A company has a capital of ₦1,000,000 divided into 10,000 shares of ₦100 each. If the company issues 2,000 shares at a premium of ₦20 per share, what is the amount of premium received?

Answer Options

A. ₦40,000
B. ₦80,000
Correct Answer C. ₦120,000
D. ₦160,000
Correct Answer
C
Correct Option:
₦120,000

About This Question

This is Post Utme Rsu 2018 Accounting Question 23. It is one of the objective questions from the 2018 Post Utme Rsu Accounting examination.

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