Post Utme Uniben 2018 Accounting Question 3

Practice objective / multiple choice question 3 from the 2018 Post Utme Uniben Accounting examination.

Post Utme Uniben 2018 Accounting Objective / Multiple Choice
Question 3 POST_UTME_UNIBEN • 2018 • ACCOUNTING • objective

A company issued 5,000 ₦ 1 shares at a premium of ₦ 0.50 per share. The issue expenses were ₦ 2,000. Calculate the total amount received from the issue of shares.

Answer Options

A. ₦ 25,000
Correct Answer B. ₦ 27,000
C. ₦ 29,000
D. ₦ 31,000
Correct Answer
B
Correct Option:
₦ 27,000

About This Question

This is Post Utme Uniben 2018 Accounting Question 3. It is one of the objective questions from the 2018 Post Utme Uniben Accounting examination.

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