Post Utme Summit University 2018 Accounting Question 20

Practice objective / multiple choice question 20 from the 2018 Post Utme Summit University Accounting examination.

Post Utme Summit University 2018 Accounting Objective / Multiple Choice
Question 20 POST_UTME_SUMMIT_UNIVERSITY • 2018 • ACCOUNTING • objective

A company issued 15,000 shares of 10 par value at a premium of 3 per share. If the company received a total of 225,000, what is the amount of the premium received?

Answer Options

A. ₦35,000
B. ₦45,000
Correct Answer C. ₦55,000
D. ₦65,000
Correct Answer
C
Correct Option:
₦55,000

About This Question

This is Post Utme Summit University 2018 Accounting Question 20. It is one of the objective questions from the 2018 Post Utme Summit University Accounting examination.

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