Post Utme Rsu 2022 Accounting Question 24

Practice objective / multiple choice question 24 from the 2022 Post Utme Rsu Accounting examination.

Post Utme Rsu 2022 Accounting Objective / Multiple Choice
Question 24 POST_UTME_RSU • 2022 • ACCOUNTING • objective

A company issues 10,000 shares of ₦5 par value at a premium of ₦3 per share. If the company receives ₦50,000 in cash, what is the total amount of the premium received?

Answer Options

A. ₦30,000
Correct Answer B. ₦40,000
C. ₦50,000
D. ₦60,000
Correct Answer
B
Correct Option:
₦40,000

About This Question

This is Post Utme Rsu 2022 Accounting Question 24. It is one of the objective questions from the 2022 Post Utme Rsu Accounting examination.

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