Post Utme Ui 2019 Accounting Question 7

Practice objective / multiple choice question 7 from the 2019 Post Utme Ui Accounting examination.

Post Utme Ui 2019 Accounting Objective / Multiple Choice
Question 7 POST_UTME_UI • 2019 • ACCOUNTING • objective

A company issues 10,000 shares of ₦10 each at a premium of ₦5 per share. If the company receives a total of ₦1,200,000, calculate the amount of premium received.

Answer Options

A. ₦50,000
Correct Answer B. ₦60,000
C. ₦70,000
D. ₦80,000
Correct Answer
B
Correct Option:
₦60,000

About This Question

This is Post Utme Ui 2019 Accounting Question 7. It is one of the objective questions from the 2019 Post Utme Ui Accounting examination.

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