Post Utme Summit University 2024 Accounting Question 40

Practice objective / multiple choice question 40 from the 2024 Post Utme Summit University Accounting examination.

Post Utme Summit University 2024 Accounting Objective / Multiple Choice
Question 40 POST_UTME_SUMMIT_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issued 10,000 shares of ₦ 1 each at a premium of ₦ 2 per share. The issue expenses were ₦ 10,000. Calculate the amount received from the issue of shares.

Answer Options

A. ₦ 120,000
Correct Answer B. ₦ 130,000
C. ₦ 140,000
D. ₦ 150,000
Correct Answer
B
Correct Option:
₦ 130,000

About This Question

This is Post Utme Summit University 2024 Accounting Question 40. It is one of the objective questions from the 2024 Post Utme Summit University Accounting examination.

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