Post Utme Summit University 2024 Accounting Question 8

Practice objective / multiple choice question 8 from the 2024 Post Utme Summit University Accounting examination.

Post Utme Summit University 2024 Accounting Objective / Multiple Choice
Question 8 POST_UTME_SUMMIT_UNIVERSITY • 2024 • ACCOUNTING • objective

A company issued 5,000 shares of ₦1 each at a premium of ₦0.50 per share. If the issue expenses were ₦ 2,500, calculate the amount received from the issue of shares.

Answer Options

Correct Answer A. ₦10,250
B. ₦11,000
C. ₦12,000
D. ₦13,000
Correct Answer
A
Correct Option:
₦10,250

About This Question

This is Post Utme Summit University 2024 Accounting Question 8. It is one of the objective questions from the 2024 Post Utme Summit University Accounting examination.

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