Post Utme Unilag 2019 Accounting Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Unilag Accounting examination.

Post Utme Unilag 2019 Accounting Objective / Multiple Choice
Question 11 POST_UTME_UNILAG • 2019 • ACCOUNTING • objective

A company issued 5,000 shares of 10 par value at a premium of 5 per share. If the company received a total of 250,000, what is the amount of the premium received?

Answer Options

A. ₦125,000
Correct Answer B. ₦150,000
C. ₦175,000
D. ₦200,000
Correct Answer
B
Correct Option:
₦150,000

About This Question

This is Post Utme Unilag 2019 Accounting Question 11. It is one of the objective questions from the 2019 Post Utme Unilag Accounting examination.

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