Post Utme Skyline University 2021 Accounting Question 27

Practice objective / multiple choice question 27 from the 2021 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2021 Accounting Objective / Multiple Choice
Question 27 POST_UTME_SKYLINE_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issued 10,000 shares of ₦10 each at a premium of ₦5. Calculate the total amount received from the issue of shares.

Answer Options

Correct Answer A. ₦105,000
B. ₦100,000
C. ₦110,000
D. ₦120,000
Correct Answer
A
Correct Option:
₦105,000

About This Question

This is Post Utme Skyline University 2021 Accounting Question 27. It is one of the objective questions from the 2021 Post Utme Skyline University Accounting examination.

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