Post Utme Skyline University 2021 Accounting Question 15

Practice objective / multiple choice question 15 from the 2021 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2021 Accounting Objective / Multiple Choice
Question 15 POST_UTME_SKYLINE_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issues 1,500 shares of ₦20 each at a premium of ₦5 per share. What is the total amount received from the issue of shares?

Answer Options

A. ₦30,000
B. ₦35,000
Correct Answer C. ₦40,000
D. ₦45,000
Correct Answer
C
Correct Option:
₦40,000

About This Question

This is Post Utme Skyline University 2021 Accounting Question 15. It is one of the objective questions from the 2021 Post Utme Skyline University Accounting examination.

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