Post Utme Uniben 2017 Accounting Question 16

Practice objective / multiple choice question 16 from the 2017 Post Utme Uniben Accounting examination.

Post Utme Uniben 2017 Accounting Objective / Multiple Choice
Question 16 POST_UTME_UNIBEN • 2017 • 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
B. £ 50,000
Correct Answer C. £ 60,000
D. £ 70,000
Correct Answer
C
Correct Option:
£ 60,000

About This Question

This is Post Utme Uniben 2017 Accounting Question 16. It is one of the objective questions from the 2017 Post Utme Uniben Accounting examination.

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