Post Utme Unilag 2019 Accounting Question 15

Practice objective / multiple choice question 15 from the 2019 Post Utme Unilag Accounting examination.

Post Utme Unilag 2019 Accounting Objective / Multiple Choice
Question 15 POST_UTME_UNILAG • 2019 • ACCOUNTING • objective

A company issued 10,000 shares of 5 par value at a premium of 2 per share. If the company received a total of 200,000, what is the amount of the premium received?

Answer Options

A. ₦100,000
Correct Answer B. ₦120,000
C. ₦140,000
D. ₦160,000
Correct Answer
B
Correct Option:
₦120,000

About This Question

This is Post Utme Unilag 2019 Accounting Question 15. It is one of the objective questions from the 2019 Post Utme Unilag Accounting examination.

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