Post Utme Summit University 2021 Accounting Question 4

Practice objective / multiple choice question 4 from the 2021 Post Utme Summit University Accounting examination.

Post Utme Summit University 2021 Accounting Objective / Multiple Choice
Question 4 POST_UTME_SUMMIT_UNIVERSITY • 2021 • ACCOUNTING • objective

A company issued 10,000 shares of £ 1 each at a premium of £ 0.50 per share. Calculate the total amount received from the issue of shares.

Answer Options

A. £ 10,000
Correct Answer B. £ 15,000
C. £ 20,000
D. £ 25,000
Correct Answer
B
Correct Option:
£ 15,000

About This Question

This is Post Utme Summit University 2021 Accounting Question 4. It is one of the objective questions from the 2021 Post Utme Summit University Accounting examination.

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