Post Utme Summit University 2018 Accounting Question 16

Practice objective / multiple choice question 16 from the 2018 Post Utme Summit University Accounting examination.

Post Utme Summit University 2018 Accounting Objective / Multiple Choice
Question 16 POST_UTME_SUMMIT_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issued 5,000 shares of 10 par value at a premium of 5 per share. If the company received a total of 250,000, what is the amount of the premium received?

Answer Options

A. ₦125,000
B. ₦250,000
Correct Answer C. ₦375,000
D. ₦500,000
Correct Answer
C
Correct Option:
₦375,000

About This Question

This is Post Utme Summit University 2018 Accounting Question 16. It is one of the objective questions from the 2018 Post Utme Summit University Accounting examination.

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