Post Utme Summit University 2018 Accounting Question 18

Practice objective / multiple choice question 18 from the 2018 Post Utme Summit University Accounting examination.

Post Utme Summit University 2018 Accounting Objective / Multiple Choice
Question 18 POST_UTME_SUMMIT_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issued 10,000 shares of 5 par value at a premium of 2 per share. If the company received a total of 60,000, what is the amount of the premium received?

Answer Options

A. ₦10,000
B. ₦20,000
Correct Answer C. ₦30,000
D. ₦40,000
Correct Answer
C
Correct Option:
₦30,000

About This Question

This is Post Utme Summit University 2018 Accounting Question 18. It is one of the objective questions from the 2018 Post Utme Summit University Accounting examination.

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