Post Utme Uniben 2020 Accounting Question 6

Practice objective / multiple choice question 6 from the 2020 Post Utme Uniben Accounting examination.

Post Utme Uniben 2020 Accounting Objective / Multiple Choice
Question 6 POST_UTME_UNIBEN • 2020 • ACCOUNTING • objective

A company issued 10,000 shares of 1 par value at a premium of 3 per share. The shares were sold for 5 each. Calculate the total amount received from the sale of shares.

Answer Options

A. ₦30,000,000
B. ₦40,000,000
Correct Answer C. ₦50,000,000
D. ₦60,000,000
Correct Answer
C
Correct Option:
₦50,000,000

About This Question

This is Post Utme Uniben 2020 Accounting Question 6. It is one of the objective questions from the 2020 Post Utme Uniben Accounting examination.

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